Important!
Watch out your long positions,we might see a sell pressure today due to options expiry.Use stoploss if you want to hold your longs. This options expire is 1 of the biggest in history of BTC.
Market will be volatile and may hunt liquidatations and stoplosses. I will stay away from market till next week.
You might have heard about something called #BTC (Bitcoin), a type of digital money. Well, something important is about to happen to it, and it's causing a lot of excitement. Let's break it down:
1. Bitcoin's Big Change: Imagine if every time you found a special rock, you got a reward. That's a bit like how Bitcoin works. But soon, the reward people get for finding these "special rocks" will get smaller. This big change is called the "halving."
2. Options Expiry: Before this big change happens, there's something else called "options expiry." It's like a deadline for people who made bets on what they think will happen to Bitcoin's price. When this deadline comes, it could affect how people feel about Bitcoin.
3. Guessing Game: Some people are trying to guess what will happen to Bitcoin's price because of this "halving" thing. They're watching really closely to see if the price goes up or down.
4. Looking Back: This isn't the first time Bitcoin has had a big change like this. In the past, when the reward for finding those "special rocks" got smaller, the price of Bitcoin went up. But no one knows for sure if that will happen again this time.
5. Being Careful: Playing with Bitcoin is a bit like a game. You can win, but you can also lose. So, it's important to be careful and not put all your money into it.
6. Thinking Long-Term: Even though Bitcoin might be going through some changes right now, some people still think it's a good thing to have for the future. They believe it might help us with money in a different way someday.
So, there you have it! Bitcoin is getting ready for a big change, and lots of people are watching to see what happens next. Just remember, it's like a game, so it's essential to be careful and think about the future.