Short thesis

ShortDayLossOpened Jul 16, 2026 · 13:35 UTCResolved Jul 16, 2026 · 13:36 UTC

The call

DirectionShort

Entry$64,215.8

T1 · 50%$64,175.0

Target$64,030.5

STOP (original)$64,280.0

Outcome

ResultLoss · Stopped out

Return on margin-0.50%

P&L-$49.99

P&L (BTC)-0.00078 BTC

Exit$64,280.0

Price moved+0.10%

Deepest adverse$64,372.6 (+0.24%)

Sized under

Account$10,000

Leverage5×

Notional$50,000

Liquidation$79,771.2

Price chart

Bybit · BTC/USD Inverse Perpetual

Reasoning

Daily VWAP at $64,244.2 rejected price: the closed 13:30 UTC 5m candle wicked above it to $64,272.7 and closed back below at $64,229.9, providing the level-reaction short trigger. Bearish 4h CVD divergence and positive funding corroborate the short, while flat 5m delta is neutral; declining 4h OI shows short covering and weakens, but does not invalidate, the rejection. Entry is just below the trigger close, with the stop beyond its wick; T1 is the developing 15m VAH at $64,175 and T2 is the developing day/weekly POC confluence at $64,030.5, giving approximately 2.89:1 R:R to T2.

Committed on the market snapshot from Jul 16, 2026 · 13:35 UTC