be ready for the halving effect: high volatility
BTC halving in the next few hours, retail is reacting massively. all BTC pair will have some high volatility before and after the halving.
from our previous halving experience, even after the halving time, BTC will still have time to add some extra corrections before it goes to the moon.
on this chart, i have drafted the possible correction for BTC using daily candles.
scenario #1: demand zone 51k usd
scenario #2: demand zone 42k usd
the price will be not corrected too far from the demand zone above.
we also need to monitor all the whales movement before and after, as they are driving the market now.
from our previous halving experience, even after the halving time, BTC will still have time to add some extra corrections before it goes to the moon.
on this chart, i have drafted the possible correction for BTC using daily candles.
scenario #1: demand zone 51k usd
scenario #2: demand zone 42k usd
the price will be not corrected too far from the demand zone above.
we also need to monitor all the whales movement before and after, as they are driving the market now.
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