Long thesis

Daily VWAP at $63,129 is the traded support: the closed 14:29 UTC 1m candle swept below it to $63,110.6 and reclaimed it with a $63,140 close, providing a level-reaction trigger rather than a proximity entry. The long is corroborated by armed CCV long bias, confirming-up 4h CVD, confirming-up 5m delta, and fearful sentiment; the 4h OI decline shows short covering and weakens, but does not negate, the structural reclaim. Entry is at the trigger close, with the stop buffered about 0.2% beyond the sweep wick; T1 is the developing-day VAH at $63,307 and T2 is the settled previous-day VAL at $63,812. Risk is $160 versus $672 to T2, for 4.2:1 R:R; book 15% at T1 and move the remainder to breakeven.