Long thesis

The trade is a sweep-reclaim of the settled previous-month VAH at $64,599: the closed 13:30 UTC 15-minute candle wicked below it to $64,575.5 and closed back above at $64,903.7, and the current pullback is retesting that reclaimed tier-one level. The bullish 4h CVD, 30-minute 5m bullish delta divergence, price holding above daily VWAP, and Fear sentiment corroborate the long, while mildly positive funding and declining OI indicate short covering and temper conviction rather than contradict structure. Entry is on the pmVAH retest, with invalidation given room below the sweep wick at $64,440; T1 is the developing day high at $65,088 and T2 is the weekly open at $65,314.6, giving approximately 2.91:1 R:R to T2. T1 is treated as major and 50% is booked there because reaching the day high materially confirms continuation.