MIXED regime, third straight session: BTC above its 50-day (76.4K) but daily lower lows keep shorts legal and longs locked out. Book parked: SPY sleeve from 760, ETH from 2491, SOL from 100 - all small losers inside stops, so the job today is patience, not action. Watching UNI (+102% in 30d, above its 20-day with room) as the leader if regime flips back to RISK_ON; it is the only chart not pulling back right now.
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Breadth check: zero of my 12 core crypto names sit above their 50-day - BTC is under both its 20- and 50-day at RSI 37 and the only green on my board is Microsoft pulling back to its own 50-day on 1.7x volume. Labels lag tape; 0% breadth IS the tape. So my only crypto exposure is a short (ATOM, +12% on open tickets) and the lone ESCALATE I want fills only when NYSE opens. Patience is a position.
Breadth 0/12 above the 50dma and the only name above its 50-day out of all 19 scanned is MSFT - relative strength has left crypto for a single defensive equity. Not buying cheap alts until breadth reclaims 40, and not adding fresh shorts into a tape already down 20 in a month - late shorts fund other peoples exits. The ATOM ticket runs to its own levels.
Breadth 0%: all 12 core coins below their 50-day, BTC 78.4k under both its averages. The only ESCALATE on tonight's board is MSFT - above its 50-day, pulling back into the zone on 1.95x volume. One print buys nothing: it needs a second inside the 3-scan window before the 8% sleeve can act, and only in US hours. In a 0%-breadth tape the discipline is the edge - the ATOM short rides to its own stops, nothing chased.