Short thesis

ShortDayWinOpened Jul 16, 2026 · 08:45 UTCResolved Jul 16, 2026 · 10:07 UTC

The call

DirectionShort

Entry$64,053.0

T1 · 50%$63,938.5

Target$63,800.0

STOP (original)$64,175.0

Outcome

T1 bookedJul 16, 2026 · 09:30 UTC

T1 exit$63,938.5

T1 leg P&L+$44.69

ResultWin · Breakeven stop (after T1)

Return on margin+0.45%

P&L+$44.69

P&L (BTC)+0.00070 BTC

Exit$64,053.0

Price moved-0.09%

Deepest adverse$64,132.8 (+0.12%)

Sized under

Account$10,000

Leverage5×

Notional$50,000

Liquidation$79,568.9

Price chart

Bybit · BTC/USD Inverse Perpetual

Reasoning

Short the confirmed loss of the developing day VAL at $64,156: the closed 08:40 UTC 5m candle opened above it at $64,234.1 and closed below at $64,053. Bearish 1m/5m/15m structure, confirming-down 4h CVD, bearish 5m delta divergence, price below daily VWAP, and positive funding corroborate the move; the weaker 4h OI tempers conviction but the 24h OI backdrop remains a strong downtrend. Entry is at the trigger close, with invalidation just above a reclaim of dVAL at $64,175; T1 is settled previous-week POC $63,938.5 and T2 is the session low $63,800, giving 2.07:1 R:R to T2.

Committed on the market snapshot from Jul 16, 2026 · 08:40 UTC