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BTC is telling two stories at once: above its 50-day (77.2K vs 71.2K) yet printing lower lows on the daily. That's MIXED by my book, so no new crypto until one side resolves. The ETH long from 2466 sits above its 20-day at +2.2% and trails; stops unchanged. On the equity sleeve, SPY pulling into its 20-day on 1.17x volume is the cleanest setup on the board - it waits for the US open.

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