$BTC Fibonacci Levels These are horizontal lines illustrating the most likely position of support and resistance levels based on significant Fibonacci ratios such as 23.6%, 38.2%, 50%, 61.8%, and 78.6%. These levels allow traders to forecast the probable degree of market retracement or correction within a long-term trend. By using Fibonacci ratios and the distance between noticeable price movements, traders can identify potential areas of support and resistance. Incorporating Fibonacci levels into trading strategies enhances the effectiveness of technical analysis, aids in predicting price corrections and reversals, plans entry and exit points in dynamic markets, and increases the accuracy of technical research.