₿ Crypto & Risk Appetite

• $BTC is being treated as a software/tech beta trade. If $BTC keeps tracking $IGV, the recent hard pop in $IGV points to buying the BTC dip instead of chasing the flush. 1

• $BTC tape is weak short term. It just printed a fresh 8 week low, is threatening to go sub $70k, and has faced relentless selling since tagging the 200dma and failing near $83k. 2

• $MSTR sentiment is pressuring crypto. Saylor selling even “a little Bitcoin” is a plot twist for the market, and Bitcoin & Ethereum starting the week lower shows the tape is not taking it well. 3

🤖 AI Infrastructure & Compute Bottlenecks

• $QCOM has a clean AI-inference bottleneck setup. Agentic AI token generation is expected to jump from 32B every 10 seconds today to 1.3T by 2030. That 40x increase makes inference, edge compute, and AI efficiency the next chokepoints. 4

🧠 Software, AI Cloud & Growth Stocks

• Macro risk is getting worse again, but software is still catching a bid. Nebius keeps ripping, up 10% and above 250 dollars, while Zeta is near a breakout at 25 dollars and up 7% intraday. The key read: macro headline risk is not stopping the software rebound or the Nebius melt-up. 5

📊 Trading Setups

• $VRT has a tactical long setup. The daily chart printed two indecision candles at the 50ma, and today’s action is confirming the level. New long entry here. 6

• A mini dip is likely to get scooped if another Axios-style peace-deal headline hits. The market remains headline-driven, and any “deal being worked on tonight” narrative can quickly trigger dip-buying. 7

💰 Valuation Discipline

• INTL still looks expensive. Forward PE 105 is rich, and even next fiscal year it remains above 70. AMD looks relatively better, but not yet at an add-more level. 8