$BTC Short entry :$93900
Target 1 :$92100
Target 2 : $91500
Target 3 : $90600
Stoploss :$94500
Bitcoin: A Comprehensive Overview**
**1. Basics**
Bitcoin (BTC), launched in 2009 by the pseudonymous Satoshi Nakamoto, is the first decentralized cryptocurrency. It operates without a central authority, relying instead on a peer-to-peer network and blockchain technology—a transparent, immutable public ledger.
**2. How It Works**
- **Blockchain**: Transactions are grouped into blocks, cryptographically linked and secured via consensus mechanisms.
- **Mining**: Miners use computational power to solve complex puzzles (proof-of-work) to validate transactions and earn BTC rewards.
- **Wallets**: Users store private keys (digital passwords) in wallets to access and manage their Bitcoin.
**3. Security**
- **Private Keys**: Loss or theft of keys means irreversible loss of funds. Use hardware wallets or secure storage.
- **Irreversibility**: Transactions cannot be undone; caution is essential when sending funds.
- **Exchange Risks**: Centralized exchanges are vulnerable to hacks; use reputable platforms and enable 2FA.
