In Digital Currency Trading, the formation of price levels is a thought-provoking topic. Essentially, these key levels reflect the collective judgment and expectations of market participants. In other words, they represent the common understanding of the importance of a certain price level among most traders.

The consensus formed by this group psychology is presented through various technical indicators, becoming an important basis for analysts and traders to judge market trends. It can be said that each technical indicator is a concrete embodiment of this market consensus.

Taking Bitcoin as an example, the current important support range that the market is focused on is between 108,500 and 109,000. If the price finds support and rebounds within this range, it indicates that bullish forces still dominate and market sentiment remains positive. In this case, investors may consider entering the market at the right time.

In the short term, the market generally views 110,000 as an important psychological barrier. If the Bitcoin price can break through and stabilize at this level, the next important target price may rise to 120,000.

However, it is worth noting that the Digital Currency market is highly volatile, and investors should conduct thorough research and risk assessment before making any decisions. While market consensus is important, it can also change rapidly, so maintaining vigilance and the ability to adjust strategies flexibly is equally crucial.