New to crypto trading? Let’s break it down! Understanding the basics is key to making smart moves. 🔹 #TradingTypes101 – Learn the difference between Spot, Margin, and Futures trading. Each comes with its own level of risk and reward. 🏦 #CEXvsDEX101 – Should you go with a Centralized Exchange (CEX) or Decentralized Exchange (DEX)? One offers convenience, the other gives you full control. 📈 #OrderTypes101 – Limit orders, market orders, and stop-losses can protect your trades and boost profits. Know when and how to use them. 💧 #Liquidity101 – Liquidity affects how easily you can buy or sell. High liquidity = smoother trades.
Bitcoin's price action is currently consolidating within a narrow range. A decisive move above the $106,500 resistance could signal a resumption of the uptrend, targeting higher levels. Conversely, a drop below the $104,200 support may lead to further declines toward the $103,145 area. Traders should monitor these key levels closely for potential breakout or breakdown scenarios.