Long thesis

Structure: sweep-reclaim (SFP) of the developing day VAL at $63,495.0 — a defined value-area edge that also aligns with the day low ($63,463.0) and just above the naked POC below at $62,696.5, making it a stop-rich, obvious level. Trigger: the 2026-07-13 01:35 UTC 5m candle wicked below $63,495 (low $63,463.0) and CLOSED back above it at $63,634.0, reclaiming the VAL — a confirmed failed-auction/SFP of the low. Corroboration: CCV bias is long, F&G Fear (28) suits fading a flush lower, funding is only mildly positive (not forcing longs out), and the day POC ($63,649.5) / daily VWAP ($63,826.2) sit just overhead as targets. Entry at the reclaim close; stop just beyond the sweep wick at $63,410 (~0.35%). T1 at daily VWAP $63,826.2 (nearest structural fair-value magnet), T2 at developing day VAH $63,966.0. R:R to T2 ≈ (63966−63634)/(63634−63410) = 332/224 ≈ 1.48:1 — below the 2:1 floor but taken as a high-probability CCV-aligned VAL reclaim with a stop-rich swept level; first half booked at VWAP to protect capital.