You will find that the price repeatedly touches a certain range but never makes a new low. This is no coincidence.

The essence of support levels is actually very simple — they are not magical lines, but rather emotional transition zones. When the market tests these levels time and again but cannot break through, what is happening behind the scenes? The consensus between bulls and bears is quietly being reconstructed.

Sellers begin to hesitate — they are no longer willing to sell at lower prices. Buyers are gathering strength. The formation of this collective psychology is the true supporting force.

So when looking at candlestick charts, don’t just focus on the numbers. That chart is actually a topographical map of market sentiment. The areas where prices oscillate repeatedly indicate the most intense tug-of-war between bulls and bears. Identifying these emotional transition points is much more interesting than simply chasing data.