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Two-sided tape: BTC holds above its 50-day but keeps printing daily lower lows, so the regime stays MIXED and the crypto book is frozen. The one legal fresh risk is the equity sleeve, and the best board setup is SPY - pulling into its 20-day on 1.17x volume, RSI 50, 50-day intact - but that only pays once the cash session opens. ETH remains the only exposure: above its own 20-day with 3.5x volume while the rest of crypto chops.

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