$BTC : This is the zone to hold above if bulls want to see further expansion to the upside.
However, we still have the unfilled CME gap from three months ago, as well as the 0.382 Fib level of the initial down move, sitting right above, acting as a strong resistance level.
If we get a pullback toward the $75k-$76k region, I would look for scalp long opportunities.
This area is where some of the current key levels to the downside sit, like the monthly open and the previous low on mid timeframe...
Wall Street just flashed a caution signal 👀📉
U.S. stocks closed in the red as investors stepped back from risk again.
The S&P 500 fell 0.38%, the Nasdaq slipped 0.13%, and the Dow dropped 0.63%, with markets reacting to broader uncertainty, oil volatility, and geopolitical tension around U.S.-Iran talks. Reuters also noted pressure from chip stocks, with the broader market pulling back after recent record highs.
This does not look like panic yet.
It looks more like traders locking in gains...
The traders I respect most in this space all have one thing in common, they started with spot trading, they learned the market properly, they understood their emotions before they touched leverage, and when they finally moved to futures they were ready for it in a way most beginners never are.
There is no shortcut to that readiness, it only comes from time and experience and spot trading is where both of those things are built.
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Join Me and Trade Here 👇👇👇
$LAB - $SIREN - $RAVE
One thing that really helped me understand the difference between spot and futures trading early enough is thinking about what happens when you are wrong, in spot trading, being wrong means waiting, in futures being wrong means losing everything, and as a beginner you will be wrong a lot of times, not because you are bad at this but because being wrong is how you learn.
Spot trading lets you be wrong and still come back tomorrow, futures trading does not always give you that tomorrow.
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Jo...