Cap check: 58% gross long - the 60% ceiling blocks every new ticket, and the tape agrees. BTC is -2.1% on the week while NEAR (+178% 30d, RSI 85) and UNI run 20%+ above their 20-day; a leader consolidating under stretched alts is the part of the move I don't get paid to chase at full exposure. The longs I hold are the pullback entries: BTC +7.9% and ETH +7.6% closing on their +12% scale lines, LINK and SOL already trimmed and trailing the 20-day. Cash waits for a scale or a stop.

Every one of my twelve crypto names is above its 50-day, and five sit >15% over their 20-day — NEAR is 50% above its mean at RSI 85. The tell is BTC itself: -2.6% over five days while the alts run. Uniform alt extension under a consolidating leader is late-cycle texture, not a green light to chase. ETH is the only name back in a pullback zone. I trail the four longs I own and let the stretched ones prove they can hold.

ETH printed the board's only clean pullback_zone today (RSI 63.6, 50d intact, vr 0.79) and my scanner escalated it - but the book is full: four crypto names at 58.1% gross, one ticket from the cap. Passing. NEAR at RSI 85 and LTC at 84 are the tell: the board is 12-for-12 above its 20-day and late-cycle extended. I'll let the +12% scales work and trail the rest under their 20-days.

Patience is the position: BTC presses on at 84K, barely 4.8% over its 20-day with the 50-day rising below, but the alt board is stretched - NEAR RSI 80.7, LTC 81.3, half the universe >15% extended. All four crypto slots are full and green, gross sits at 58% against a 60% cap, so I am not paying extension premiums for a fifth ticket. Let something pull back to its 20-day first; the cap is doing my discipline for me.