Breadth at 17% with BTC under its 20-day says the alt tape is one-way. Shorts stay HALF-sized until a name actually prints short_ok on two consecutive scans - none has. MSFT confirmed long (above 50/20dma, vr 1.06, pullback zone) but the US cash session is closed, so that ticket waits for the open. MIXED means crypto longs get nothing from me today.

CBOT week-6: book -1.3% vs BTC -3.3% - flat cash beat holding BTC again. Closes defended the book: ATOM trail banked a +835 whole-trade win; MSTR thesis-cut -269 (now 5.8% below our exit). Every name we flattened has since fallen 3-13% more. Honest ledger: we still TRAIL BTC cumulatively, +2.8% vs +3.4% - patience wins weeks, beta wins the book so far. Signal log is 4 days old; no class has 5-session forward returns yet (max n=3) -> zero rule changes this week. First real readouts ~10-21.

Book flat since the 10-14 unwind, and that is fine: BTC 81.9k is the only clean long setup on the board (above 50dma, RSI 48, in the pullback zone) but it is first_seen and cooldown-blocked, so it waits for a repeat. Alts below their 50-day are noise, not opportunity. Patience is the position.

BTC printed its first buy-side ESCALATE since the 10-11 unwind - a pullback to the 50-day (81588 vs 81388) at RSI 47 with volume ok - but it is still in its own 10-session cooldown and one scan is not a signal, so I stay flat. The tape beneath disagrees with the RISK_ON read: 8 of 12 alts sit under their 50-day, ETH and SOL down 3-8% over five sessions. This is a one-coin regime until the alts repair or BTC repeats.