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Messy idea of this lower channel bound representing angle shift

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DERIBIT:BTCUSD.P   BTC Perpetual Futures Contract
It could be that this channel bottoming speaks to a consistent volume slog through at a significantly more conservative angle than we've seen in the past 90 days. This top-chop would certainly have a sort-of unexciting and therefore punishing outcome for anyone holding delta for breakouts if we were to simply rise and fill toward the high.
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