Red cup fungus, AKA Elf cup.
This is a new hunting ground for me, and this mushroom is new to me also. In reading up on it the Indians ground it to powder and used it to seal wounds. It’s red, the cup looks like a wound and the inside like blood, so I can believe they would use it it for that. It’s sort of an application of the rule of forms. I read enough to know its safe. So, I will dry some out and give it a side by side the next time I get some appropriate wounds. With how slick and steep the valley walls are here it will not be long.
It is still cold and the snow in the valley has not even melted yet so it came up early. Nice to see some color.