#CryptoCharts101 Mastering Support & Resistance (08.07.2025) 🚨

📊 BTC Price Range: $104 800–106 200. Today’s candles are forming clear horizontal levels—price bounced twice off $104 000 support before testing $106 200 resistance.

🔍 Key Concepts:

Support & Resistance: Draw lines where price reverses. These zones act like magnets—watch for multiple touches.

Volume Confirmation: Spikes in volume at these levels validate strength. Yesterday’s volume surge at $105 000 created long wicks signalling strong buy pressure.

RSI Divergence: Look for lower lows in price paired with higher lows in RSI (bullish divergence) to anticipate trend reversals.

Moving Averages: A 50 SMA crossing above the 200 SMA (golden cross) suggests a shift to bullish momentum; the opposite (death cross) warns of potential downturns.

MACD Signals: A bullish MACD crossover near support can be a high-probability entry.

💡 Pro Tip: Combine multiple indicators—never rely on one. For example, wait for support bounce plus bullish MACD crossover plus RSI divergence before entering a long.

💬 Your Turn: What chart patterns are you watching today? Share your setups with #CryptoCharts101 🚀