After more than 6 years in the financial markets, especially the crypto market, from the big highs to the harsh crashes, I realized that your biggest advantage is not in finding the next rising coin... but in avoiding these six mistakes that silently kill 90% of traders.
The 6 most important mistakes every cryptocurrency trader should avoid:
đ¨ Latest News: Estimates suggest that $60 billion will be spent on transfer fees in 2025, a cost that Brian Armstrong claims could drop to almost zero with stablecoins.
âśď¸ Microsoftâs stock dipped 5% after announcing that its OpenAI license will now be non-exclusive and it will no longer pay a revenue share to OpenAI.
1ď¸âŁ Bitcoin broke through the resistance zone at 78500, but unfortunately failed to hold above it. 2ď¸âŁ A bullish trend line has been broken in the upward channel.
3ď¸âŁ Now, Bitcoin needs to close above the upward channel to regain bullish momentum.
4ď¸âŁ A double top pattern has formed, which is bearish; if it hits the 77k zone, we might see more downward movement, triggering the pattern.
1ď¸âŁ Bitcoin has bounced off the bullish trend. 2ď¸âŁ It broke through the bearish trend on the hourly chart as shown.
3ď¸âŁ Now Bitcoin needs to maintain momentum and continue climbing to complete the rally. It has reached a critical area on the four-hour chart; it needs to close above 78500 and hold that level.
4ď¸âŁ The downside risk is failing to break the previous area and breaking the bullish trend. We're watching closely.
During a gathering at Mar-a-Lago with major $TRUMP holders, President Donald Trump stated that he won't let banks obstruct the Clarity Act related to regulating the crypto market in the USA.