$BTC rises above the 78,000 level.
Guys, why do round-number levels matter? Here’s the short version.
The more often a price level is tested, the more weight it tends to carry in people’s eyes. But some argue that repeated tests can actually thin out the orders waiting there.
Breaking through a level only shows that one side has the upper hand at that moment. Whether the move continues depends on where the next level lies and whether trading volume can be sustained.
Don’t change your plan based on a single number, and never use borrowed money to test a reading.
Guys, why do round-number levels matter? Here’s the short version.
The more often a price level is tested, the more weight it tends to carry in people’s eyes. But some argue that repeated tests can actually thin out the orders waiting there.
Breaking through a level only shows that one side has the upper hand at that moment. Whether the move continues depends on where the next level lies and whether trading volume can be sustained.
Don’t change your plan based on a single number, and never use borrowed money to test a reading.
