🚨 BTC — Elliott decision zone: tape, not takes, picks the next major wave.

• Price: ~$110K–$115K (spot).
$MDT
• RSI (14): neutral (~mid) — momentum present, not frothy.
$FET
• MVRV-Z: elevated vs cycle mean — realized gains create overhead.

• Futures funding: slightly positive across majors — levered longs in play.

• SOPR / MA distance: profit pockets at ATHs; price trading between 50- & 200-day MAs → weekly closes decide bias.

React 🐻/🐂 — still bullish or hedge now?

#BTC $BTC #bitcoin #WriteToEarnUpgrade #MarketPullback #FranceBTCReserveBill