{ "ticker": { "uuid": "50c9e83c-84a1-4f21-b212-225767d950a7", "symbol": "BITC", "name": "BITWISE TRENDWISE BITCOIN AND TREASURIES ROTATION STRATEGY ETF", "exchange": "NYSEARCA", "country": "US", "assetType": "etf" }, "methodBoundary": "Trend Architecture is a weekly structural classification, not a forecast, probability of return, recommendation or execution signal. Confidence measures geometric agreement and external confirmation only.", "analysis": { "eligible": true, "as_of": "2026-08-07", "benchmark": "SPY", "stage": 4, "stage_name": "Declining", "phase": "4b", "phase_label": "Stage 4B \u00b7 Declining", "transition": "stage_4_declining", "transition_label": "Stage 4 decline intact", "confidence": 95.707, "architecture_regime": "rotation_down", "architecture_regime_label": "Rotation Down", "architecture_modifier": "Supply rotation", "architecture_gate": "mixed", "architecture_direction": -43.417, "architecture_energy": 60.9, "architecture_maturity": 11.586, "architecture_confidence": 70.0, "architecture_tenure": "New", "architecture": { "interpretation": { "headline": "The Activity Line structure is rotating downward.", "body": "Fast Activity is weakening relative to Slow Activity and price acceptance is deteriorating. Persistent negative Trend confirmation would establish Downward Expansion." }, "scores": { "balance": 21.5, "rotation_up": 18.57, "upward_expansion": 21.1, "deceleration": 44.9, "rotation_down": 69.63, "downward_expansion": 62.77 }, "activity_lines": [ 36.108093, 36.514802, 37.518215, 37.598109 ], "activity_state": "Moderate", "activity_direction": "Expanding", "rotation_direction": "Weakening", "price_acceptance": -0.833333 }, "latest_close": 35.84, "trend_reference": 37.521963, "distance_from_trend": -0.044826, "trend_direction": "Weakening", "fair_value": 35.25719, "distance_from_fair_value": 0.01653, "fair_value_direction": "Weakening", "relative_strength": -18.602203, "relative_strength_direction": "Weakening", "price_momentum": -0.011038, "excess_performance": -0.136662, "evidence": [ { "label": "Price vs Trend", "positive": false, "value": -0.044826, "read": "Below" }, { "label": "Trend direction", "positive": false, "value": -0.007765, "read": "Falling" }, { "label": "Price vs current Fair Value", "positive": true, "value": 0.01653, "read": "Premium" }, { "label": "Fair Value direction", "positive": false, "value": -0.199352, "read": "Moving away" }, { "label": "Relative Strength vs benchmark", "positive": false, "value": -0.186022, "read": "Lagging" }, { "label": "Relative strength direction", "positive": false, "value": -0.057252, "read": "Weakening" }, { "label": "Price momentum", "positive": false, "value": -0.011038, "read": "Negative" }, { "label": "Volume balance", "positive": false, "value": 0.705396, "read": "Supply-led" } ], "volume": { "latest": 6060, "relative_activity": 0.476668, "balance": 0.705396, "dry_up": 0.744794, "accumulation_observations": 1, "distribution_observations": 2 }, "risk": { "range_context": 0.029531, "annualized_volatility": 0.166096, "from_high_reference": -0.270942, "from_low_reference": 0.021374 }, "levels": { "trend_reference": 37.521963, "fair_value_reference": 35.25719, "structural_low": 35.09, "invalidation": 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37.821126 ] }, { "date": "2026-07-31", "close": 35.8133, "volume": 6522, "typical_volume": 15717.1, "trend": 37.544297, "fair_value": 35.132494, "relative_strength": -16.626535, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -37.030693, "energy": 58.712132, "activity_lines": [ 36.270687, 36.797567, 37.72337, 37.708063 ] }, { "date": "2026-08-07", "close": 35.84, "volume": 6060, "typical_volume": 12713.25, "trend": 37.521963, "fair_value": 35.25719, "relative_strength": -18.602203, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -43.417279, "energy": 60.90019, "activity_lines": [ 36.108093, 36.514802, 37.518215, 37.598109 ] } ], "method": { "price_basis": "completed market observations", "trend": "Trend provides the primary directional reference.", "fair_value": "Fair Value provides long-term price context and is not a forecast or target.", "relative_strength": "Relative Strength shows leadership or lagging performance against the market benchmark.", "classification": "The SM framework combines Trend, Activity, Fair Value, Relative Strength and participation into a structural read." } } }