Bitcoin ($BTC ) is the most traded cryptocurrency on Binance — and for good reason. As the market leader, $BTC often sets the pace for the entire crypto space.
Today, I focused on the $BTC /USDT pair, watching price action closely around the $69,000 resistance level. I placed a limit order at $67,800, anticipating a bounce after a slight pullback. My goal is a short-term gain with a target of $70,200 and a stop-loss at $66,900 for risk control.
On Binance, tools like real-time charts, indicators, and order book depth help refine each decision. Whether you’re new to crypto or a seasoned trader, remains a solid choice for liquidity, volatility, and opportunity.
Remember: Always do your own research, set a plan, and never risk more than you can afford to lose. Trade smart with Binance!
Today, I executed a short-term trade on the BTC/USDT pair, based on a combination of technical indicators and recent market sentiment. I noticed Bitcoin was bouncing off a strong support zone at $66,800 and showing signs of bullish divergence on the RSI.
I entered a long position at $67,200 with a take-profit target at $68,500 and a stop-loss at $66,500 to manage risk. This trade aligns with my current strategy of short-term swing trades using a 4-hour chart for confirmation.
Proper risk management is key — I never risk more than 2% of my capital on any trade. Always trade with a plan, stay updated, and learn from each move!
New to crypto trading? One of the first things to understand is the difference between CEX (Centralized Exchanges) and DEX (Decentralized Exchanges).
🔹 CEX platforms like Binance offer user-friendly interfaces, high liquidity, and advanced trading tools. They handle custody of your assets, which makes them ideal for beginners but requires trust in the platform.
🔹 DEX platforms like Uniswap or PancakeSwap let users trade directly from their wallets — no intermediaries. You control your funds, but you’re responsible for your own security and gas fees can be high.
💡 Both have pros and cons. Use a CEX for convenience and a DEX for more privacy and control. Choose based on your goals, experience, and security preferences!
Curious about how to start trading on Binance? Let’s explore the three core trading types every beginner should know!
🔹 Spot Trading – Buy or sell crypto instantly at current market prices. Perfect for beginners looking to own digital assets. 🔹 Margin Trading – Trade with borrowed funds to amplify gains (and risks). Best used with caution and experience. 🔹 Futures Trading – Predict the future price of a coin without holding it. Popular for hedging and strategic plays.
Understanding these types can help you find your edge in the market. Do your research, start small, and grow your confidence step by step!
Are you curious about Bitcoin, Ethereum, and the world of crypto but don’t know where to begin? 🤔 Don’t worry — Binance makes it simple and safe to start your crypto journey!
✅ What is Binance? Binance is the world’s leading cryptocurrency exchange where you can buy, sell, and trade digital assets easily.
🛠️ Why Choose Binance?
Easy-to-use app & website
350+ cryptocurrencies available
Low trading fees
Secure & trusted by millions
Learn & Earn programs for beginners
📱 How to Get Started:
Create a free account at binance.com
Verify your identity (KYC)
Deposit funds via bank transfer, card, or crypto
Start trading or holding your first crypto!
🎓 Pro Tip: Visit the Binance Academy to learn the basics of blockchain and crypto. Knowledge is power! 💡
🔒 Safety Reminder: Always enable 2FA and never share your passwords or seed phrases with anyone.
Ready to take the first step into crypto? Let Binance guide your way. 🌍✨