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BTC is currently in a high trading volume zone not seen in the past two years.
There is no other price level with more trading volume than the current price.
This makes it a good place for the price to stabilize and start oscillating, which is exactly what we have observed.
If the Middle East situation is not resolved quickly,
don't be surprised if it stays in this zone for a longer period.
Additionally, it is worth noting that,
if the price breaks through and stabilizes above 72K,
then the path to 80K will become relatively easier.