Long thesis

Price swept a cluster of levels at the bottom of both the 4h and 24h ranges. The cluster: the tier-1 R:STEVE low, the 1H/4H swing low at $74,855 (1,242 hours old), the week and month lows, and the tier-1 RL/pdL at $75,060. That is the range edge, not the middle. Volume in the trap was 22x normal, delta was -180 BTC with the sweep, open interest rose 0.72% and $663k of longs were liquidated. So new shorts opened below the level. Only 3 minutes later the 15:06 push minute (+7.44 BTC, 1.5x P90) closed at $75,095, back above every swept level including the RL. The response was light on volume, and that is the main risk. Targets: T1 is the day VWAP / dPOC / 4h POC cluster at about $75,589, a strong value magnet. T2 is SFP 2.0 at $76,233. T3 is the 24h range high at $77,762, with a runner. The stop at $74,640 sits about 0.11% below the $74,723.5 wick.