$BTC Support and Resistance Levels: Key Trading Points

Support levels are the price levels where a decline may stop, while resistance levels are where an increase may face obstacles. In Binance candlestick charts, these points often appear in areas of historical price concentration. For example, if BTC/USDT repeatedly rebounds at $30,000, this may be a support level. After identifying these points, trading strategies can be set accordingly for buying or selling. Beginners can practice using Binance's 'Line Tool' to mark these points, gradually developing their market sense.