In the field of technical analysis in the cryptocurrency market, the application of the Fibonacci sequence is like a magical key!

From the chart, we can see that different Fibonacci retracement levels have different meanings. 38.2% is marked as a low probability area, while 61.8% is a high probability area, and 78.6% - 88.6% is an extremely high probability area.

The sell area in the chart, which is between 78.6% - 88.6%, suggests that this position may be a good selling opportunity.

There are also manipulated areas and areas with no market fluctuations, which can help us better understand market trends.

However, the trading market is ever-changing, and we cannot rely solely on Fibonacci levels for decision-making; we must also combine other indicators for comprehensive judgment $ETH $BTC #鲍威尔发言