How to determine the support and resistance levels for selling Bitcoin?
I. Core determination of key resistance/support levels (first determine the position, then judge buy/sell)
1. Key price levels for candlestick patterns: support levels look at recent stage low points, the lower edge of fluctuations, and the starting point of bullish candles; resistance levels look at recent stage high points, the upper edge of fluctuations, and the pullback points of bearish candles, the effectiveness of support/resistance at historical high and low points is the strongest.
2. Moving average indicators anchoring: short-term look at MA10/MA20 (breaking below MA10 weakens short-term support, and after breaking through, MA10 becomes support; encountering resistance at MA20 is common), medium-term look at MA60/MA120 (the core pressure levels of the medium-term trend), dense moving average areas will form strong support and resistance zones.