News:
Open interest (OI) in bitcoin (BTC) options surpassed USD 1 billion ahead of the halving, with an exponential increase seen across all major marketplaces over the past week. Meanwhile, the bitcoin put-to-call ratio is also on the move, revealing some bearishness in the market.
Although not unusual during bull runs in the spot market, the rising interest in bitcoin options may suggest that some large holders are seeking to protect themselves against an uncertain outcome of the halving, which is now just days away.
Technical analysis:
BTC has been trading upwards. As we expected yesterday, the price tested the next resistance at the price of $10,000. This is decsiion level for the BTC and you should watch carefully the price action around it.
Trading recommendation:
