$BTC The crypto market on June 8, 2025, finds itself in a fascinating consolidation phase, with Bitcoin ($BTC ) hovering around the $105,000-$106,000 range. This sideways movement, while seemingly quiet, often precedes significant moves, making today a crucial day for traders to watch key support and resistance levels. Bitcoin ($BTC ) Breakdown: * Current Sentiment: Bitcoin is currently consolidating, indicating a period of indecision. However, a "V-shaped recovery" has been observed since June 6, suggesting some underlying bullish momentum. * Key Resistance: The primary resistance for $BTC to overcome is around $106,800. A sustained break above this level, ideally with strong bullish volume, could signal a fresh upward leg. Further resistance levels to eye are $107,000-$108,000, and potentially even $108,850. * Key Support: Immediate support for $BTC is forming at $104,500-$105,000. A dip to this range, especially with declining sell volume, could present a scalp buy opportunity. If the 4-hour level breaks below $105,230, we might see a small-scale correction towards $104,600-$103,795-$102,830.
#SouthKoreaCryptoPolicy According to The Korea Herald (May 2025), His pro-crypto proposals include: 1) Legalization of Spot cryptocurrency ETFs 2) Allow institutional investors like the National Pension Fund to make investment in specific cryptocurrencies and products. 3) A Won-backed stable coin to prevent capital flight. Still, in Korea, cryptocurrencies are not recognized as a legal form of cash or financial asset, thus illegal. Its legalization would present crypto a limited to treatment as a financial asset tradable only via strictly regulated entities. i.e DEX would be illegal, and CEX would be forced to limit their service in order to comply with new regulation. Given the protectionism of most countries around the globe, stable coins are the most likely to survive politics...
#CryptoCharts101 Support and resistance levels are key: support shows where prices tend to bounce, and resistance marks levels where prices struggle to break through. Indicators like RSI and MACD can also guide entry and exit points. I personally use moving averages to track trends and volume to confirm breakouts. If you're serious about crypto, learning chart analysis is a must. It gives you an edge and reduces guesswork. #CryptoCharts101Reading crypto charts can seem complicated at first, but mastering the basics can make a big difference. Start with understanding candlesticks—they show price movements over time and reveal market sentiment. Support and resistance levels are key: support shows where prices tend to bounce, and resistance marks levels where prices struggle to break through. Indicators like RSI and MACD can also guide entry and exit points. I personally use moving averages to track trends and volume to confirm breakouts
#TradingMistakes101 1. Lack of Planning - *Insufficient Research*: Not doing enough research on the markets, assets, or trading strategies. - *No Clear Goals*: Not setting clear trading goals, risk tolerance, or profit targets. 2. Emotional Trading - *Fear and Greed*: Allowing emotions to drive trading decisions, leading to impulsive and irrational choices. - *Revenge Trading*: Trying to recoup losses by making impulsive trades, often resulting in further losses. 3. Poor Risk Management - *Over-Leveraging*: Using too much leverage, which can amplify losses as well as gains. - *Inadequate Stop-Loss*: Not setting or adjusting stop-loss orders to limit potential losses. 4. Inconsistent Trading - *Lack of Discipline*: Not sticking to a trading plan or strategy, leading to inconsistent results. - *Over-Trading*: Trading too frequently, resulting in excessive fees and potential losses. 5. Ignoring Market Analysis - *Not Staying Informed*: Failing to stay up-to-date with market news, trends, and analysis. - *Ignoring Technical Indicators*: Not using technical indicators or chart patterns to inform trading decisions.
Binance is known for low fees, but don’t let that fool you—some hidden costs can still sneak in. Spot trading only costs 0.1%, but if you trade often, those small fees can grow fast. You can reduce them by using BNB (Binance Coin), which gives you a discount. When it comes to withdrawals, the fee depends on which coin you’re sending. For example, Bitcoin might cost you 0.0005 $BTC to withdraw, while other coins like Ethereum or USDT might have different fees. Also, during busy times, the blockchain network can be slow and expensive. So, timing your transactions can save money. If you're into margin trading, remember there’s interest on borrowed money. Futures trading has its own costs too, like funding rates that change over time.
#TradingPairs101 I stored my seed phrase in my phone’s Notes app (yes, seriously). I clicked suspicious links. I nearly connected my wallet to a fake DEX. Now I treat my wallet like a vault. Cold storage. No DMs. Triple-check URLs. Because in crypto, there’s no reset button — just regrets. Mistake #3? Trading with emotion, not strategy. I chased pumps. I bought breakouts without confirmation. I got liquidated once because I forgot to use a stop-loss. Now I only trade what I understand — and if it pumps without me, I clap from the sidelines. But none of that stuck until I learned how to read charts properly. I used to just stare at red and green candles like they were lottery tickets. Now I see patterns, volume shifts, and where retail traders are about to panic or FOMO.
How to Evaluate Liquidity: Check trading volume (24h or average daily) Look at order book depth – thin books can mean big price jumps on large orders Analyze bid-ask spread – tighter spreads usually reflect better liquidity
#OrderTypes101 🔹 Stop-Loss Protects you by automatically selling if the price drops to your set level. A must for risk management. Use when: You can’t monitor the market 24/7. 🔹 Take-Profit Closes your trade when your target is reached—locks in gains without emotions. Use when: You have a clear target and want to secure profits.
#CEXvsDEX101 Centralized Exchanges (CEXs) like Binance offer user-friendly interfaces, high liquidity, and fast transactions — perfect for beginners. They handle order books, custody, and security, making trading smooth. However, you trust the platform with your funds, which can be risky during hacks or shutdowns. On the other hand, Decentralized Exchanges (DEXs) like Uniswap and PancakeSwap let you trade peer-to-peer without intermediaries. You control your private keys and funds, which means more freedom but also more responsibility. DEXs are permissionless and offer better privacy, but they can suffer from lower liquidity and higher slippage. I prefer CEXs for quick trades and DEXs when I want full custody. It depends on the use case!
#TradingTypes101 There’s more than one way to trade crypto. Here are the 4 major trading styles you need to know 👇 1. 🧠 Scalping Timeframe: Seconds to minutes Goal: Profit from tiny price moves Tools: Fast charts, tight stop-losses, low fees ✅ High-frequency ❌ Emotionally intense, often bots win here