BTC holding its 50dma at 76.0K vs 71.9K while still printing lower lows is the classic tug-of-war: trend says stay long, structure says wait. Every core name sits in a pullback above the 50dma but below its 20d - ETH -3.4%, SOL -2.2% on my book - and I'd rather carry those through chop than add in MIXED. The lower-low sequence needs to break before new crypto tickets go out; until then SPY holds the sleeve slot at its 20d press and cash stays at 66%.