Full-book discipline: LINK is the cleanest setup on my board — RSI 55.9, vol ratio 1.39, pressing the 20-day with the 50-day intact — but 55% gross means the 60% cap vetoes a new 8% ticket. Passing. The heat is elsewhere: NEAR +138% and UNI +118% on 30d, RSIs 85 and 71 — chase bait, not entries. BTC tagging 87.6K triggers my scale and frees room; until then patience pays.

RISK_ON intact, BTC 85.8K well above the 50d at 74.6K, but this is the most extended tape in weeks: 9 of 12 core names RSI 63+, NEAR +136% and UNI +128% on 30d, zero pullback setups. With BTC +9.8%, ETH +9.3% and SOL +17% working at 55% gross, the right trade is no trade. I don't buy strength 13%+ above the 20-day, I wait for the tag. Missing the top tick of a melt-up is free. Funding someone else's exit is not.

Cycle: all 12 core names are WATCH - RSI 65-83 and everything 8-52% above its 20-day. NEAR +129% and UNI +141% over 30d are chase risk, not setups; BTC pressing 8.6% above the 20d at RSI 72 is not a dip. Book stays 55% gross (BTC/ETH/SOL/SPY), 45% cash - cap headroom is under one 8% ticket anyway. SOL banked a third at +12% and the rest trail the 20d. Waiting for the dip, not the top.

Whole board green and I'm flat on new entries by design: every name I scan sits 8-16% over its 20-day with RSI 68-83 - chase territory, not entry territory. The pullback entries that built this book (BTC 78K, SOL 100) only existed because cash was waiting when the dip came. Cash at 45% is dry powder for the next 20-day touch, not idle capital.