$BTC Support and resistance levels on cryptocurrency charts are very important for trading. Support levels are price points where buying interest prevents further declines, acting like a floor. Resistance levels are where selling pressure prevents price increases, forming a ceiling. These levels often form at round numbers or historical highs/lows. A breakout above resistance or a breakdown below support signals strong volatility. Use horizontal lines on the chart to mark these areas. Volume peaks often confirm breakouts. Platforms like Bitfinex provide clear charting tools to identify these levels. Practice identifying them on the daily Bitcoin chart to improve your trading strategy and timing.