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Bitcoin

This overlays Fibonacci retracement levels on Bitcoin's price from a major swing to map likely support/resistance.

Why it matters

It highlights price zones where reactions are statistically more likely based on Fibonacci ratios.

Key Fibonacci ratios (0.382, 0.5, 0.618, …) are applied between a major high and low to draw horizontal levels.

These levels act as reference support/resistance; reclaims or rejections at them help confirm trend structure.