Below Support, Credit Still Calm

BTC and ETH are still below their support bands.

The bounce is not enough to chase.

The market still prices real dip risk before 2027.

Credit is calm, so this is not a forced risk-off tape yet.

We stay patient: partly filled, mostly armed, waiting for the flush.

Market Map

Where We Are is the cycle

Our Posture

What We Are Watching

• Whether BTC and ETH reclaim their support bands, or fail and give us the lower-band flush.

• Whether HYPE cools off enough to move from watch to add.

• Credit spreads are still tight. If they widen fast, we protect dry powder and wait longer.