Bitcoin $BTC is currently trading at $124,064.75. In spot trading, you buy or sell the actual cryptocurrency, taking immediate ownership, unlike derivatives where you speculate on price movements. Spot trading is straightforward: you profit if the asset appreciates and can hold for the long term or sell anytime.

For $BTC, a key support level is around $122,500, where buying interest may prevent further decline. Immediate resistance lies near $125,800, a zone where sellers might slow upward momentum. A breakout above this resistance could signal continued bullish movement, while a drop below support may indicate weakness and further downside risk.

To manage risk, a stop-loss can be placed slightly below support, around $122,000, limiting potential losses if the price falls. Spot traders should also monitor overall market trends and sentiment, especially movements in altcoins and broader financial markets, as Bitcoin often leads or reacts to overall crypto market behavior.