We're in this really uncomfortable zone where anything can happen.
None of my technical analysis works at the moment.
The halving is in approximately 10 hours. and there are 3 main possible scenarios in my opinion:
1. BTC drops to 58k and possibly 55k, liquidating all longs ($3 billion). Then it pumps to 70k and up. Alcoins hit bottom and recover quickly (unlikely
2. BTC rises to 72k and then falls to 66k. From there it plateaus, builds support and gradually pumps. (THE MOST IDEAL) but really unlikely
3. BTC falls, settles at 65K or 64K and alcoins recover their value a little... (Very likely)
Past years have continued the same trend, this year doesn't have to be different
Stay safe though, the cryptocurrency world is very volatile $BTC #Binance #Ethereum #DeFi #ETH
