More carnage this morning with Bitcoin kissing 36k and Ethereum tapping into $2600. Bitcoin dominance is showing the early signs of reversal, so this could mean relief is on the way. An interesting thought is during the 2017 Bullrun we did see two instances of 40% drops with everyone thinking it was over.

Don’t recommend rushing into any leveraged longs just yet, what we need to see is a break of the market’s current downtrend. Would be nice to see BTC reaccumulate at these levels, grind back up slowly, to fill out the Elon Candle inefficiency gap. Plus ranging sideways would be a key indicator for another DeFi Summer. 

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Looking for oxygen

If we continue like this, destroying the earth the day will come when we will look for oxygen in generating machines to continue living.

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