$BTC What is Fibonacci Retracement?

Fibonacci is a tool that helps us estimate where the market might reverse.

That is, whether the market is going up or down, this tool indicates where the price may pause or reverse.

📌 When is it used?

When there is a significant fluctuation in the market,

the price often retraces a bit.

With the help of Fibonacci, we can determine how far that retracement might go.

🧮 Key Fibonacci Levels:

23.6%