Car won't run past 60mph

TrailBeast said
It's possible and a thought I had.
Water and air both will separate out after sitting, so that would be the tell tale.
Air does is fairly quickly, and I didn't see a separation line in the fluid in the bottle so am assuming it's water.

After removing the trans pan it looked like an absolute murder scene. I seen it all...metal shavings, sludge, a pile of sand, friction material, moisture, and rust. How on earth did this tranny even allow the car to get down the road. I figure what the hell, lets see how much life it still has left. So I started by draining all the fluid including the torque converter, and blew out the cooler lines.