#TradingMistakes101 Cryptocurrency trading is high-risk and | PhallyCK on Binance Square

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#TradingMistakes101 Cryptocurrency trading is high-risk and fast-paced, and mistakes can lead to significant losses. Below are the most common trading mistakes, especially on CEXs (e.g., Binance, Coinbase) and DEXs (e.g., Uniswap, PancakeSwap), along with tips to avoid them.

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$BTC As of June 10, 2025, the price of Bitcoin (BTC) is approximately $108,000, based on recent market activity and posts on X indicating a surge from $105,000 to $107,000 yesterday, with some sources suggesting it may have reached $108,000. Please note that cryptocurrency prices are highly volatile and can change rapidly. For real-time BTC prices, you can check trusted platforms like CoinMarketCap, CoinGecko, or Binance.

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#USChinaTradeTalks The US and China, the world’s two largest economies, have been engaged in high-stakes trade negotiations to de-escalate a trade war sparked by President Donald Trump’s imposition of 145% tariffs on Chinese imports in April 2025, followed by China’s retaliatory 125% tariffs on US goods. Recent talks, primarily in Geneva, Switzerland, have led to a temporary truce, with both sides agreeing to roll back tariffs significantly for a 90-day period to facilitate further negotiations. However, progress has stalled recently, and tensions persist due to structural issues like trade deficits, technology restrictions, and national security concerns. $BTC

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#CryptoCharts101 Crypto charts are visual tools that display price movements and trading data for cryptocurrencies over time. They help traders analyze trends, identify opportunities, and make decisions on platforms like CEXs (e.g., Binance, Coinbase) and DEXs (e.g., Uniswap, SushiSwap). Understanding charts is essential for technical analysis, which guides most trading strategies.

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#CryptoFees101 Cryptocurrency fees are costs incurred when trading, transferring, or managing crypto assets. They vary depending on the platform (CEX or DEX), blockchain network, and transaction type. Understanding fees is crucial for optimizing trading costs and avoiding unexpected expenses in volatile markets like crypto.

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#CryptoSecurity101 Cryptocurrency security involves protecting your digital assets (e.g., Bitcoin, Ethereum) from theft, hacks, scams, and user errors. Unlike traditional finance, crypto transactions are irreversible, and there’s no central authority to recover lost funds, making security critical. This guide covers essential practices for securing your crypto on CEXs, DEXs, and personal wallets.

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