#冲币新时代 Support and Resistance Levels: Key Trading Points

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