Half of the daily range in trading – How relevant is this?

One of the main reasons why I switched to the cryptocurrency market is that it works much better theretechnical analysis. In addition, there are many open IPIs on the crypto market, with which you can be creative in the technical analysis of quotes. Having created a unique chart called “Price within the daily range”, I noticed that it itself drew a line of half the daily range (H-L) / 2 which at first I did not attach the proper value:

But over time, I noticed that Bitcoin oftenbounces off this line. For what reason could this happen? Probably only one way - many other market participants take into account the value of half the daily range in their trading. This is easy to see if you scroll back in history.

How you can use this knowledge:According to my observations, this line is a proactive signal of a rising/falling market. Which, by the way, I didn’t suspect at all, and just started using it in trading. If you have experience trading with this indicator, please share it in the comments.

Link to a channel with a bot that publishes a graph once an hour: https://ttttt.me/CryptoMarketPulse

P.S .: I am writing bots for Telegrams - if you have any ideas about stocks or futures - write in a personal.