Long thesis

The developing day POC at $62,402.5 was reclaimed by the CLOSED 02:30 UTC 15m candle, which opened below it at $62,284.8 and closed above it at $62,480.0; the 02:40 UTC 5m close at $62,480.0 further held above the level. The long is corroborated by price holding above daily VWAP, confirming-up CVD, and the 4h healthy-uptrend OI state, while flat 5m delta is neutral rather than adverse; the 24h downtrend backdrop argues for disciplined level-to-level profit taking. Entry is just beyond the reclaim, with the stop below the reclaimed dPOC and the 5m response-leg low; T1 is the settled previous-day POC at $62,499.5, where half is booked and the remainder moves to breakeven, and T2 is the settled previous-month POC at $62,700.5. Risk to T2 is approximately 2.26:1.