Long thesis

Structure: sweep-reclaim (SFP) of the TIER 1 RANGE LOW $83,071.6, which sits exactly on the settled pwVAL $83,072.0 — a stop-rich, pre-existing HTF boundary (the prior week's value-area low, also just under the month's developing VAL region). Trigger: the 2026-10-07 13:30 UTC 30m candle, shown CLOSED in TRIGGER FACTS, wicked to $82,684.0 below the range low and closed back above at $83,113.1 — the reclaim close, not a wick. Corroboration is separate from the trigger: CVD shows a bullish divergence (price making the lower low while CVD prints +7 — aggressive selling absorbed), funding is near flat/slightly positive rather than crowded long, and the higher-timeframe structure is still an uptrend of higher weekly lows ($74,855 → $80,800 → $82,463) with the monthly holding above pmVAH $83,245 value. Entry at the reclaim close; stop $82,480 sits beyond the sweep wick ($82,684) with buffer and just under pwL $82,463 liquidity — a close back there proves the auction did not fail. T1 is the daily VWAP $83,955 (nearest meaningful structure, first profit taken early per SFP rules, 20%); T2 is pwPOC/wPOC cluster ~$85,290–85,545, the main objective and magnet of the prior week's value; T3 is the range high $86,654.2. Risk:Reward entry→T2 is $2,168 reward against $643 risk ≈ 3.4:1, which justifies the wider swing stop.