Long thesis

Structure: the day flushed to $62,640 — a sweep of the developing week low / below pwVAL ($63,652, Tier 1 settled previous-week value-area low) and pmPOC ($62,700.5) — and has now reclaimed value. Trigger: the CLOSED 15m candle at 15:30 UTC opened at $63,651.0 (below pwVAL) and closed $63,771.4 above it, a reclaim close back across the swept level, corroborated by the 15:15 5m/1m impulse through dVAH ($63,489) and D-Open ($63,662). Corroboration: CCV bias is long and acceptance armed (day opened below prior-day value and is rotating back up), 4h CVD confirming up (+396 BTC), OI building +1.75% in a healthy uptrend with funding neutral at +0.010%, Fear & Greed 29 (fear at a low). The 5m delta shows a small bearish divergence into the spike, which is why the stop sits well back at $63,080 — just below the dVAL/1H VAL shelf ($63,084/$63,050) where the reclaim would be proven wrong, rather than a dollar under the wick. T1 $64,114.5 is pwPOC, the nearest meaningful settled level and a genuine invalidation-changing objective (hence a MAJOR 0.45 fraction, since price hitting pwPOC and then ranging is the likeliest outcome); T2 $64,599 is pmVAH/pdVAL confluence, the major level beyond it. Risk:Reward to T2 = 828/691 ≈ 1.2:1 — thin, but this is the CCV/failed-auction reclaim setup the material records at roughly 85-87% win rate on reaching take-profit one, which clears the 60% requirement for trading between 1:1 and 2:1.