Morning Trade Notes – Tuesday

**BTC Update:**
We saw a breakout from the consolidation range *without significant volume*. The price hasn’t taken out previous highs yet, and the current move looks like it’s forming a symmetrical triangle. The apex of this triangle aligns roughly with Saturday’s timeline. If the price breaks down, we could revisit the lower boundary of the 4H uptrend channel.

**Altcoin Context (Crypto10):**
Looking at both the daily and 4H charts of the Crypto10 Index — alts are clearly *not* in euphoria yet. On BTC’s recent high (May 23), Crypto10 was still about 4,000 points below its Dec 2, 2024 peak. This suggests there's *plenty of room for alt upside* if BTC maintains upward momentum.

**Positioning:**
I’m not running algo strategies at the moment, so no TP was triggered yesterday. That said, my stop-loss at 106,500 wasn’t hit either. With BTC moving into triangle consolidation, I’m trailing the stop up to **107,500** as time progresses. If we bounce off the 4H trendline, I’ll look to add exposure based on the 15-minute reversal structure.

Currently holding a **5x long at 109,406**, aiming to scale into **7x full exposure** if conditions confirm. Slight unrealized drawdown at the moment.