📈 $BTC Eyeing $107K Resistance After Testing $100K Support – June 23, 2025
Bitcoin recently dipped to ~$98.2K due to geopolitical tensions, but it quickly rebounded to $101.2K . It’s now consolidating in a descending channel, with key levels at:
Support: $100K
Resistance: $107K, breakout could push toward $112K .
✅ plan: Hold until BTC sustains above $107K before entering long.
💬 What’s your $BTC strategy now? Long or watching more?
$BNB – Short Trade Signal $BNB now breaking below the $628 support zone on the 15-minute chart. The sharp red candle signals further downside momentum, and a clean break below $626 could lead to a deeper correction. This short setup favors fast execution for intraday traders aiming for quick profits.
In today’s crypto world, many traders are using Futures or Derivatives to trade coins like $BTC , $ETH , and $SOL. But for Muslims, it’s important to ask: Is futures trading halal or haram in Islam?
🕌 What Does Islamic Shariah Say?
Islam allows business and investment, but strictly prohibits riba (interest) and maysir (gambling). When we analyze futures trading, we see:
1. You're trading assets you don’t yet own.
2. Use of leverage creates risk similar to interest-based loans.
3. It often becomes pure speculation, not real trade.
➡️ That’s why many respected Islamic scholars like Mufti Taqi Usmani and Dr. Zakir Naik say:
> “Futures and derivatives trading is haram in Islam.”
❌ Why is it Considered Haram?
Selling what you don’t possess (which is forbidden).
Fixing a future price with no real asset exchange.
Gambling-like behavior due to high risk and speculation.
Possibility of huge financial loss and emotional harm.
✅ What is the Halal Alternative?
Instead of futures, Muslims are encouraged to use:
Spot Trading – where you buy real crypto and own it instantly.
Actual Ownership – assets stay in your wallet.
No leverage, no interest, no debt.
Quick profits might seem attractive through futures trading, but as Muslims, we must prioritize halal income. Even if futures are popular, they don't align with Islamic financial ethics.
Let’s stick to halal options like $BTC , $ETH , $BNB spot trades and make our crypto journey clean and ethical.