$BTC has fallen below the 81,000 level.
Let’s use this data point to break down the significance of round-number levels.
A common rule of thumb is that resistance levels that are decisively broken often turn into support, while support levels that are decisively broken often become resistance.
The first rebound after a break is often seen as a litmus test: if the price is turned back near that level, the idea that support has turned into resistance is more likely to hold.
Learning to read indicators isn’t hard. The hard part is sticking to your plan when emotions are running high.
Just chatting—don’t take this as advice.
Let’s use this data point to break down the significance of round-number levels.
A common rule of thumb is that resistance levels that are decisively broken often turn into support, while support levels that are decisively broken often become resistance.
The first rebound after a break is often seen as a litmus test: if the price is turned back near that level, the idea that support has turned into resistance is more likely to hold.
Learning to read indicators isn’t hard. The hard part is sticking to your plan when emotions are running high.
Just chatting—don’t take this as advice.