$BTC sitting at $77.6k while the 200-day MA is at $69k

Mayer Multiple: 1.13 🟡

Still in the neutral zone. Not overheated, not bleeding. Just coiling.

If you're waiting for a dip to re-enter, this is your range. If you're already in, hold tight — macro hasn't flipped bearish yet.

Watch for a break above 1.2 or below 1.0 for the next real move.