Short thesis

Daily VWAP at $62,484 and the settled previous-day POC at $62,499.5 form the traded resistance cluster; the 09:44 UTC 1m candle opened above VWAP at $62,493.6 and closed below it at $62,471.5, providing the confirmed loss-of-level trigger. The short is corroborated by confirming-down 4h CVD, positive funding, the 24h price-down/OI-up backdrop, and price remaining below the settled previous-week VAL at $62,518, although the 5m bullish delta divergence argues for prompt risk control. Entry is at the trigger close, with invalidation above VWAP and the prior-day POC at $62,510; T1 is the developing-day VAL at $62,369 and T2 is the settled previous-day VAL at $62,003, giving approximately 12.2:1 R:R to T2.