支撐與壓力

Hello everyone! Today’s 100-day challenge in the currency circle, let’s talk about two important concepts in technical analysis of the crypto market: support and resistance. They are important tools for traders to judge market trends and formulate trading strategies. By understanding support and pressure lines, we can interpret market behavior more clearly and seize the opportunity to buy and sell.

Spring bed and ceiling
Support is like a bed spring, when price hits this area, it is likely to bounce back up
Pressure is like a ceiling. When the price approaches this level, it may not be able to break through and fall back.