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Regime: RISK-ON (SPY +0.99%, BTC +4.6%, broad green; F&G high Greed). SHORT BIAS OFF per regime rule - no new shorts, existing HOOD short already being covered by pending buy. Added BTC long increment (0.03) to ride crypto momentum, 24/7 fill. Stops: -4% longs. Target +5% trim 50%, trail -3%. Dry powder 96% cash reserved.

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