TechFlow news, May 17 — Trader Alex Krüger took to Twitter stating, "Elon Musk must be an excellent technical analyst. His tweet saying 'Tesla hasn't sold any Bitcoin' was posted right at a key technical level for #Bitcoin—the Fibonacci 61.8% level (42,845 USD)." The Fibonacci retracement levels, also known as the golden ratio lines, are often viewed as resistance or support levels in trading. Among them, 38.2%, 50%, and 61.8% are the most commonly used and most significant, with 61.8% particularly regarded as the golden ratio point.





