Have you experienced creeping anxiety from the constant “bing” of Teams notifications? SAME!
Setting your status in Teams lets your teammates know if it’s a good time to contact you. Your status is automatically set based off your calendar availability, but you can also change your status manually. The options available to you are: Available, Busy, Do not disturb, Be right back, Appear away, and Appear offline. Furthermore, you can set your status for a specified duration of time, and it will automatically reset to display your calendar availability after the time you have chosen.
For detailed instructions on setting your status, please review this UWM KnowledgeBase article.
For more information on Changing your status in Teams, please review this article from Microsoft.