{"schema_version":"1.0","name":"BETI Technical Research Pack","type":"technical_research_pack","method_version":"technical-research-pack-1","as_of":"2026-08-21","ticker":{"uuid":"3b40b4c6-44ab-47f1-8d14-22552be6ec65","symbol":"BETI","name":"Bitwise Physical Ethereum ETC","exchange":"LSE","country":"GB","asset_type":"etf","currency":"GBP","sector":null,"industry":null},"summary":"Market Dynamics strengthened this week and remains positive. Underlying support has strengthened across the recent completed path. Price has not yet responded to the same extent.","sections":[{"name":"Executive technical read","description":"Completed-week price state, Market Dynamics alignment, current price and the principal technical KPIs."},{"name":"Market Dynamics","description":"The proprietary relationship between completed price, underlying support, positioning zones and confirmation."},{"name":"Ticker evidence record","description":"Current application, comparable historical conditions, zone outcomes and practical review conditions."},{"name":"Adaptive technical evidence","description":"Six condition-selected views: Trend, acceptance and volatility envelope, Strength versus the research benchmark, Drawdown and recovery pressure, Range position and boundary pressure, Acceleration, deceleration and rollover, Activity pressure and cumulative balance."},{"name":"SM Tape Intelligence","description":"Resolved consensus with Control, Force, Direction and Confirmation gauges against completed price."},{"name":"Research boundary","description":"Dated scope, interpretation limits, methodology version and source references."}],"research":{"available":true,"asOf":"2026-08-21","observations":71,"displayedObservations":71,"assetType":"ETF","state":"Rotational","stateTone":"caution","summary":"Market Dynamics strengthened this week and remains positive. Underlying support has strengthened across the recent completed path. Price has not yet responded to the same extent.","evidenceAlignment":{"status":"Underlying strength ahead of price","headline":"Market Dynamics is improving before price has fully responded","summary":"Market Dynamics strengthened this week and remains positive. Underlying support has strengthened across the recent completed path. Price has not yet responded to the same extent.","take":"Treat the gap as an early-upside opportunity watch. A continued positive price response would confirm that price is catching up with the stronger 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,"assessmentRisk":[null,null,null,null,7.331,1.3305,43.1631,45.2993,21.7062,42.1137,34.4857,25.4829,20.2974,46.1927,20.0838,7.2314,16.4251,8.5346,9.7185,2.7737,20.3454,22.9434,17.6414,12.3158,35.2566,21.8594,30.2119,18.0904,26.832,47.6369,40.5622,8.9669,8.499,16.6382,48.0852,30.7595,15.1834,34.8836,29.5174,22.2121,15.9283,34.2253,27.482,32.5191,34.6105,35.6046,33.3231,47.5614,42.0522,18.6452,23.3938,11.2803],"volumeParticipation":true,"latest":{"consensus":76.2,"control":69.8,"force":99.5,"direction":67.0,"confirmation":93.2,"persistence":0.0,"assessmentRisk":11.3,"intensity":90.4,"evidenceDepth":100},"analysis":{"status":"Market Dynamics has stronger support","headline":"The gauges support the upward view","summary":"The completed evidence gives the upward view the clearer support.","take":"Current assessment: upward pressure has the stronger support.","tone":"positive","supportedView":"Market Dynamics","direction":"upward","disagreement":false},"support":{"window":"Latest 12 months","controlState":"Buyer control supports the view","controlPath":"Control support is strengthening","forceState":"Upward commitment","forcePath":"Commitment is strengthening","directionState":"Upward follow-through","persistenceState":"Unsettled","confirmationState":"Strong support","riskState":"Contained","intensityState":"Elevated"},"cards":[{"label":"SM Consensus Gauge","value":"+76.2","detail":"Market Dynamics has stronger support","tone":"positive"},{"label":"SM Control Gauge","value":"+69.8","detail":"Buyer control supports the view","tone":"positive"},{"label":"SM Force Gauge","value":"+99.5","detail":"Upward 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Market Dynamics construction and private inputs are not disclosed. Historical research is not a forecast or instruction to trade."}