#交易理论

I have a new understanding of the resistance level.

Let's take the trend of $BTC consolidation + decline + rise + decline as an example.

During the consolidation period, some people went long, but were trapped in the subsequent decline, so they resisted the order;

When the subsequent rise returned to the consolidation range, they were finally freed and sold off, and then the price of $BTC fell again.

In this way, the consolidation range becomes a resistance level.

The theory is correct, and I will verify it in practice.