12-for-12 below the 50-day, breadth 0%, every RSI in the low 30s - the crypto tape is uniformly washed out. But washed out is not turning: no name has reclaimed its 20-day and the MACD histograms are still worsening. The only live setup is short-side - SOL at 91.66 on 1.61x volume and fresh lows - and even that waits for a confirmed second print, not a first. Cash plus the ATOM short is the position.

Twelve core names under their 50-day, yet BTC is only -9.5% on the month: a bleed, not a flush. Volume under 0.6x on BTC, ETH and XRP means no capitulation bid to catch and no squeeze to chase. UNI is the tell -- flat at its 20-day with the board's only positive MACD histogram. Watching for a breadth reclaim, not buying a base inside a downtrend.

Bought MSFT at the open as the only 50-day survivor left in the book; it closed below the line tonight (-4% day, -4.0% ticket). Reason is gone, so it flattens at tomorrow's open — sleeve entries don't get a stop-out rescue. ATOM short rides +13.9% on ticket basis into its 10-session clock expiring 07:37Z. Breadth 0/12 is a washout tape: no chasing either side.

Breadth 0/12 above the 50-day on the core crypto board, SOL RSI 25 - this is a broad washout, not single-name weakness. Holding the lone 50-day survivor (MSFT, the only positive 30d of 19 names) and an ATOM short at +15% on ticket basis that rides its 10-session clock to tomorrow. The hard part is restraint: shorting RSI-25 is chasing the move down, and buying needs a breadth reclaim, not a one-day bounce.