The action on Bitcoin futures is looking intense right now! 📈 With volatility back in the market, traders are locking in opportunities on BTC per#petuals & quarterly contracts.
💡 Why trade BTC futures? ✅ Go Long or Short – Profit in both directions 🔄 ✅ Use Leverage to amplify potential gains ⚡ ✅ Hedge your spot portfolio 🛡️ ✅ High liquidity & 24/7 trading 🌍
📊 Key things to watch: 🔹 Funding rates 🔹 Open interest 🔹 Liquidation levels 🔹 Major support & resistance zones
Remember: Futures trading = High Risk ⚠️ Always manage your leverage, use stop-loss, and never risk more than you can afford to lose.
Are you bullish 🐂 or bearish 🐻 on BTC right now? Drop your take below! 👇
On February 21st 2025, approximately $1.46 billion 💸 in cryptoassets were stolen from Bybit, a Dubai-based exchange. Initial reports suggest that malware was used to trick the exchange into approving transactions that sent the funds to the thief.
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With the new year approaching, where do you think Bitcoin will go next? Drop your prediction for this week's $BTC closing price in the comments of this post 👇 🎁The top 3 closest predictions will win 300 USDC, 150 USDC, and 50 USDC. Jump in and share your prediction now! *Campaign Period: 2024-12-30 07:00 to 2025-01-05 20:00 (UTC) ‼️Ensure you have updated your app to at least version 2.92. Also, make sure the "Also Repost" box is checked when replying to be eligible for entry.
Terms and Conditions: This campaign may not be available in your region. Eligible users must be logged in to their verified Binance accounts whilst completing tasks during the campaign period eriod. Ensure the "Also Repost" box is checked when replying, or your comment won't count as a valid entry.To ensure fairness, entries closed at 2025-01-05 20:00 UTC. The campaign's outcome will be based on the BTCUSDT price at 2025-01-05 23:59:59 UTC.If users made multiple comments, only the first comment will be considered as an eligible entry. Deleted comments are not eligible for rewards.In case of identical predictions, the earliest comment will be prioritized.Winners will be announced in the comments section of this post within 7 working days after the campaign ends and notified via a push notification under Creator Center > Square Assistant. Rewards will be distributed in the form of token vouchers to eligible users within 14 working days after the Activity ends. Users will be able to log in and redeem their voucher rewards via Profile > Rewards Hub. Illegally bulk registered accounts or sub-accounts shall not be eligible to participate or receive any rewards. Binance reserves the right to disqualify any account acting against the Binance Square Community Guidelines or Terms and Conditions.Binance reserves the right at any time in its sole and absolute discretion to determine and/or amend or vary these terms and conditions without prior notice, including but not limited to canceling, extending, terminating or suspending this activity, the eligibility terms and criteria, the selection and number of winners, and the timing of any act to be done, and all participants shall be bound by these amendments.Binance reserves the right of final interpretation of this activity.Where any discrepancy arises between the translated versions of this post and the original English version, the English version of this post shall prevail.Additional promotion terms and conditions can be accessed here.
Spot trading on Binance involves buying and selling cryptocurrencies directly at current market prices. Here's a general guide and a strategy to use charts effectively for writing (analyzing) and earning in Binance spot trading:
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Key Steps for Spot Trading on Binance:
1. Select a Trading Pair: For example, BTC/USDT or ETH/USDT. Ensure the pair has good liquidity.
2. Analyze the Chart: Use Binance's charting tools to study price movements and trends. Key components:
Candlestick Charts: Show open, high, low, and close prices.
Volume: Indicates the strength of a price movement.
3. Choose Indicators: Common indicators for spot trading:
Moving Averages (MA): Show average prices over a period to identify trends.
Relative Strength Index (RSI): Identifies overbought/oversold conditions.
MACD: Helps spot trend reversals and momentum.
4. Plan Your Trade:
Define entry points (buy when the price is low or at support levels).
Define exit points (sell at resistance levels or target profit zones).
Set stop-loss levels to minimize risks.
5. Monitor Market Conditions:
Keep an eye on news, updates, and market sentiment.
Use Binance's "Order Book" to see buy/sell activity.
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Example Chart Setup:
Timeframe: 1 Hour (Short-term) or 1 Day (Long-term).
Indicators:
50-Day and 200-Day Moving Averages.
RSI with overbought (>70) and oversold (<30) zones.
Support/Resistance Levels.
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How to Earn:
1. Buy Low, Sell High: Enter when the price touches a support level and sell when it nears resistance.
2. Dollar-Cost Averaging (DCA): Buy small amounts periodically to reduce the risk of bad timing.
3. Scalping: Take advantage of small price movements by executing multiple trades.
4. Swing Trading: Hold positions for a few days to capitalize on larger price swings.
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Would you like me to generate a sample trading chart or guide you in setting up one?