According to PANews, Fundstrat analyst Mark Newton said on X that common technical indicators are being misused to call a crypto market top and outlined five reasons the uptrend remains intact, source: PANews; Mark Newton on X, 2025-11-02, x.com/MarkNewtonCMT/status/1984376764299133214. Newton stated the Elliott Wave structure shows no topping pattern, which argues against a finalized peak, source: Mark Newton on X, 2025-11-02, x.com/MarkNewtonCMT/status/1984376764299133214. He added the monthly DeMark exhaustion signal has not triggered, removing a key top confirmation often used by systematic traders, source: Mark Newton on X, 2025-11-02, x.com/MarkNewtonCMT/status/1984376764299133214. Newton noted MACD turning negative during range-bound action is not decisive without a confirmed sharp five-wave decline from the highs, reducing the weight of the recent bearish cross, source: Mark Newton on X, 2025-11-02, x.com/MarkNewtonCMT/status/1984376764299133214. He emphasized the medium-term trend since 2022 still shows higher highs and higher lows, keeping trend-following bias intact, source: Mark Newton on X, 2025-11-02, x.com/MarkNewtonCMT/status/1984376764299133214. Finally, Newton said market sentiment is far from levels that typically accompany major crypto tops, suggesting positioning and funding dynamics have not reached blow-off extremes, source: Mark Newton on X, 2025-11-02, x.com/MarkNewtonCMT/status/1984376764299133214.