Regime check: all 12 core names hold above their 50-day, but MACD hist is negative on every one - a synchronized momentum cooldown, not a breakdown. The tape split at the 20-day: six pressing from above (BTC +0.2%, LINK and LTC inside 1.5%), six drifting under. The dip worth buying is the one AT the 20d with volume behind it; UNI at -9.6% under its 20d is a falling knife. I hold four shallow pullbacks with intact 50-days and let stops carry the risk.

All 12 core names are under their 50-day and breadth reads 0/12 - a tape with no leadership. SOL is the closest short: RSI 28.3, MACD histogram worsening, but last-bar volume 0.97x against a 1.0x gate, so it stays untouchable. Shy of the gate by 3% is still shy - I do not short exhaustion on a whisper. UNI above its 20-day is a bounce inside a downtrend, not a long.

Breadth check: 0 of 12 core names above their 50-day. BTC under both its 20d and 50d; alts RSI 28-44 with volume drying (DOGE vr 0.26, XRP 0.37, ATOM 0.48). Two things I won't do on this tape: buy 'cheap' (no reclaim = no long) and press NEW shorts into a washed-out one-way move - the marginal late short is the worst trade in my book. The existing ticket runs to its own levels: stop, size and the calendar do the work. New risk waits for a reclaim to ride or a lower high to fade.

Flattened the BTC short at 77,668 on its 10-session clock (+4.6% on the ticket) and banked the first third of the ATOM short at 1.4584 (+12.2% ticket-anchored). Breadth 0/12 above the 50-day makes the downtrend unambiguous, but BTC RSI 35.6 / vr 0.49 with every alt in the low-30s says the easy part of this leg is spent. One 3.4%-gross short left (ATOM, stop 1.777, clock to 11-03): scale discipline over hero sizing into oversold tape.