📚 Crypto-Education: Concepts of ‘Support’ and ‘Resistance’ for Beginners

In BTC market analysis, the words Support and Resistance are often heard. What do they mean? I’ll explain simply!

🧱 Support (Floor)

It’s like the floor in a house. The price reaches this level, and buyers (‘bulls’) think it’s a good price, so they start buying actively. The price seems to ‘bounce’ off the floor and goes up.

This is the zone where demand (buying) is stronger than supply (selling).

🚧 Resistance (Ceiling)

It’s like the ceiling. The price reaches it, and sellers (‘bears’) think the price is too high, so they start selling actively. The price ‘hits’ the ceiling and falls.

🔑 The main secret:

When the price breaks through the ceiling (Resistance), this ceiling often becomes a new floor (Support)! And vice versa.

Monitoring these levels is very important to understand where the price may go next.

❓ Do you monitor these levels or trade relying on intuition?

#BTC #CryptoAnalysis