Going off from what I've learned or noticed from the transfer market would this be correct?

Level 1- Transfer Market only involves L1 & L2 Players
Level 2- Same as above.

I will be on Level 3 next season would the transfer market only involve L3-L4 Players?

Or am i completely wrong just I've never seen anyone over L2 make a bid on players I've bid for from L1 &L2.

Do we just see different stars?
ie if I'm on level 2 and i see a player at 99 the Level 1 player will see the player at 79 and his transfer fee will be half of mine?

Then would this continue in L3 but with L3 & L4.?

Do things just double?
so a player at level 2 costing £2m would be £4 on level 3?