Reached over $120,000 for the first time on July 14, 2025, peaking at $122,571.19 before retreating to $121,952.61, a daily increase of 2.4%.
Increased by 29% since the beginning of 2025, with strong gains in the broader market (Ethereum, Solana, XRP).
Why is this happening now?
Legislative optimism: "Crypto Week" has kicked off in the US Congress with discussions on three important bills including stablecoin regulation and easing oversight authority.
Breakout Trading is a popular strategy used by traders to enter a position when the price breaks above a resistance level or below a support level with increased volume. This strategy aims to catch the beginning of a trend.
🔍 What is a Breakout?
A breakout occurs when the price moves outside a defined support or resistance area with increased momentum and volume.
📈 Key Components
1. Support & Resistance Levels Identify key horizontal levels where price has historically reversed or paused.
2. Volume Confirmation A true breakout is usually accompanied by high volume, signaling strong buying or selling pressure.
3. Entry Signal Enter the trade when:
Price closes above resistance (bullish breakout)
Price closes below support (bearish breakout)
4. Stop-Loss Placement
Just below support (for bullish trades)
Just above resistance (for bearish trades)
5. Profit Target
Use the height of the range before breakout as a target (Measured Move Technique)
Or trail your stop to lock in profits
🧠 Tips for Success
Avoid fakeouts by waiting for confirmation (e.g., candle close, retest).
Check market news/events, as breakouts often happen during high-impact news.
Combine with indicators like:
RSI (to spot overbought/oversold)
Moving Averages (to confirm trend direction)
Bollinger Bands (to identify volatility contractions before breakout)
Day Trading Strategy refers to buying and selling financial instruments (like crypto, stocks, or forex) within the same day to profit from short-term price movements. Here's a breakdown of how to approach day trading effectively:
✅ Key Elements of a Day Trading Strategy:
1. Market Selection Choose markets with high liquidity and volatility. Example: Crypto (BTC, ETH), Forex pairs, or tech stocks.
2. Trading Timeframe Use short timeframes:
1-minute (M1)
5-minute (M5)
15-minute (M15) These help you spot intraday price movements.
3. Technical Analysis Tools
Indicators: RSI, MACD, Bollinger Bands
Chart Patterns: Triangles, flags, head & shoulders
Candlestick Patterns: Engulfing, Doji, Hammer
4. Risk Management
Use Stop-Loss (SL) and Take-Profit (TP)
Risk 1-2% of capital per trade
Maintain a risk/reward ratio of at least 1:2
5. News Awareness Stay updated with economic news and events (e.g., FOMC, CPI, earnings reports) that may cause high volatility.
🔄 Popular Day Trading Strategies:
1. Scalping
Very quick trades (seconds/minutes)
Small profits, many trades per day
2. Breakout Trading
Enter trades when price breaks above resistance or below support
3. Momentum Trading
Follow the trend with strong volume and volatility
4. Reversal Trading
Enter when a trend shows signs of ending (watch for divergence and reversal patterns)
HODL is a popular term in the crypto community that means "Hold On for Dear Life", and the HODL Trading Strategy is all about long-term holding of cryptocurrencies instead of short-term trading.
🔍 What is the HODL Strategy?
The HODL strategy involves buying and holding a cryptocurrency for an extended period, regardless of price volatility. It's based on the belief that, over time, the value of strong cryptocurrencies like Bitcoin (BTC) or Ethereum (ETH) will increase.
📈 Why Use the HODL Strategy?
✅ Avoids panic selling during market dips.
✅ Reduces emotional trading based on short-term price movements.
✅ Saves time and effort — no need for constant chart watching.
✅ Historically, long-term holders have seen significant returns (especially with Bitcoin).
🛡️ Tips for Successful HODLing:
1. Choose strong projects with solid fundamentals (e.g., BTC, ETH).
2. Ignore short-term FUD (Fear, Uncertainty, Doubt).
3. Use cold wallets to store your assets securely.
Typically used to compare trading strategies between the Spot market and the Futures market. Here’s a simplified explanation of each market with the basic strategies and differences:
✅ What is trading in the Spot market?
Immediate delivery: When you buy a currency like BTC in the Spot market, you own the asset directly.
Example: You buy 1 BTC for $60,000 → you now have 1 BTC.
Strategy:
Buy and hold (HODL)
Buy at lows and sell at highs
Day trading without using leverage
✅ What is trading in Futures?
You do not own the asset directly: You trade on the price of the asset without owning it.
Leverage: You can trade with amounts larger than your balance.
Example: You open a trade on BTC with 10x leverage of $1,000 → you trade as if it were $10,000.
Strategy:
Buy (Long) if you expect an increase
Sell (Short) if you expect a decrease
Use stop loss and manage risks carefully
🔍 Quick comparison: Spot vs Futures
Item Spot Futures
Ownership Own the currency Do not own the asset Leverage No Yes (up to 125x on some platforms) Risk Relatively low High due to leverage Usage Long-term investment Short-term trading for quick profits
📌 When to use each type?
✅ Spot: If you are a beginner or want a safe investment.
⚠️ Futures: If you are a professional and understand risk management well.
Trade just $8 (spot or convert) between July 8–15 to earn a “Gr‑8 Boarding Pass,” entering a “crypto meteor shower” – every 8 hours you can tap meteors for prizes like vouchers and up to 1 BNB.
Global prize pool includes:
Up to $2 million across various activities
Share of $888,888 BNB through daily missions and leaderboard events
2. Binance Square Community Rewards
Engage with the Binance Square platform during July 8–15: tasks like using hashtags, posting/trading share widgets, or gaining followers can reward participants with a share of 8,888 USDC vouchers, up to 5 USDC per user.
3. Other Flash & Regional Events
“Red packet quiz” with chances to win—different across regions
Social media contests offering up to 1 BNB or shares of 1,000,000+ USD in token giveaways
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