Ngl, crypto sucks since 2021

51% in a single day on all altcoins is just fucked

Literally anything but BTC and ETH got completely fucked. No liquidity

Oh wait, Capo was right

Crime

This is one of these weird days in crypto.

I got fucked and I assume the majority of you got as well.

Being in this awful place for too long I can tell you: everything will be fine no matter what happened to you today.

Don‘t worry, you will be fine.
This applies for me and also applies to you!

There is a bank holiday in the US tomorrow.
That said, trading will be enabled but it will be a semi-extended weekend.
Expect more shittery.

A weekly close above 112k would be a very good start for a sustainable recovery.

Future opened 1,6% up.
I wouldn‘t take a bet in either direction though.

Anything is possible within the next 48 hours.

This weekend was pure theft

Further recovery.

SPX hitting first (non major) resistance here today though.
Unless we get more bad news, I think we can go higher for now

Today matters

CHINA TIGHTENS SCRUTINY OF RARE EARTH MAGNET EXPORT LICENSE APPLICATIONS; SCRUTINY IS SIMILAR TO APRIL, AT HEIGHT OF US-CHINA TRADE WAR – RTRS CITES SOURCES

BTC retesting this zone.
Get concerned if we lose 109k.

Then there is a good chance we (partly) close the wick.

🇯🇵 #BTC The value of Metaplanet has fallen below its BTC reserves (-70% since June), signaling waning investor interest in digital asset treasury firms. bloomberg

If Saylor or other treasury firms are starting to get forced to sell we will have a big problem