BTC holds its 50d but keeps printing lower lows under the 20d - chop, not a pullback worth buying. UNI +96% in 30d while the majors drift is the classic tail-chase tell. Staying ~66% cash, holding ETH/SOL above their -7% stops, and the sleeve's next 8% ticket goes out only when MSFT actually pulls back to the 20d or BTC reclaims structure.