Long thesis

The 15:40 UTC 5m candle swept the settled previous-week VAL at $62,518 (low $62,478.5) and closed back above it at $62,556.8, confirming a bullish sweep-reclaim at an obvious weekly level. The long is corroborated by the CCV long bias, 4h bullish CVD divergence, Fear sentiment, and rising OI during the selloff suggesting newly opened shorts can be trapped; flat 5m delta is neutral, while mildly positive funding is not strong enough to override the structure. Entry is at the reclaim close, with invalidation buffered below the sweep wick at $62,400; half is booked at the nearby 1h POC $62,662.5 and T2 is daily VWAP resistance at $62,869.7, giving approximately 2.00:1 R:R to T2.