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Jumped to 81,000🔪+ and then pulled back—if you only look at the Bitcoin price, it’s easy to reduce it to a simple line like “it went up and then down.” Don’t rush. If you expand the candlesticks, you’ll find that when the trend truly changes, it’s usually not because a single candlestick suddenly turns red or green; it’s basically because the preceding highs and lows begin to change.
This is also what I’m going to talk about today: how should we view highs and lows?
1. First, understand what highs and lows are
I think this concept is actually very simple.
After the price rises to a certain level, it starts to fall. The relatively high point formed during this stage can be understood as a high.

When the price moves downward, is it merely a normal pullback, or is it actively testing an important level?
Although it looks like “falling back,” the logic behind this judgment is actually different.
1. First, figure out what a pullback is
A pullback can be understood as price moving in one direction for a while, and then showing a period of reverse movement. For example, BTC rises from $70,000 to $78,000, then falls back to $75,000, and afterward continues to rise. The decline from $78,000 to $75,000 here is a pullback.
To judge a pullback, mainly look at two aspects:

TradingBox # 0⃣6⃣｜When it comes to increasing volume and decreasing volume, how exactly should you interpret them?
After yesterday’s sudden spike in BTC, discussions about “breakouts with increasing volume” and “the market is starting up” have resurfaced all over Twitter.
But there’s actually a very easy-to-mix-up issue here:
When you see increased volume, does that mean the market is stronger—or does it mean there’s intense disagreement happening right here?
Because even if it’s the same increased volume, placing it at a breakout, versus near a resistance level, versus after a period of continuous gains—its meaning could be completely different.
So after the last episode, where we covered completed volume, today don’t rush to memorize conclusions like “increasing volume looks bullish, decreasing volume looks bearish.” Instead, put it directly into real market conditions and see what it looks like.

Today BTC is ranging around $63,000, and the market isn’t very active for now. But when you usually look at the charts, don’t you often see people say things like: there’s support here, price retraces to support, then it breaks down—blah blah… However, if you really make yourself open the K-line chart to find support, you might still feel a bit confused.
So today, let’s start with the basics and get a clear understanding of “support levels.” Don’t underestimate it—later, when you analyze trends, find key areas, and understand breakouts and retracements, you’ll run into it over and over again.
TradingBox Market # | What Is a Support Level?
1. What Is a Support Level?

The price finally managed to break above the previous high or a resistance area, and market sentiment was just starting to heat up—only for the price to quickly drop back below the breakout point. It even swallowed up the entire upside gain from the breakout. What looked like the start of a move turned out to be a failed breakout.
This kind of pattern is quite common in a ranging market, and it’s also a spot where beginners who are just starting to read candlestick charts often misjudge. Because the price really did break out—but after the breakout, it didn’t receive further follow-through from the market. Without that support, it’s naturally difficult for the price to continue moving in the original direction.

Keep going. In the previous episode, I told everyone about resistance levels: if the price rises to a certain area and then repeatedly tries to push higher but can’t get through, that level may form resistance.
So what if one day, the price suddenly surges past this level?
When many people see a candlestick like this, their first reaction might be that it’s a breakout—so it’s going to rise?
But in practice, what really makes people fall into a trap is exactly here. Because in the market, “breakouts” don’t mean that once the price touches it and goes through it a little, it can be counted as a success directly.
What is a breakout? Why do you still need to look after a breakout?