On April 20 2024, Bitcoin completed its fourth halving, cutting the block reward paid to miners in half as coded into the protocol from the outset. Halvings are scheduled, widely tracked events, and this one arrived with none of the surprise of a news-driven shock — the market had months to position ahead of it.
That makes this a medium-difficulty session: price action around the halving itself was comparatively orderly next to a crisis event, but still carried real chop as short-term traders positioned around the exact block height and then unwound those positions once it passed without incident.
Same engine, same hidden right-hand side — a different day's problem.