Long thesis

Structure: sweep-reclaim reversal (SFP/failed auction) at the developing week/month/day low of $57,647.3 — a pre-existing, obvious range low where stops cluster (it is simultaneously the week low, month low and day low). Trigger: the 15m candle closing 2026-07-01 01:30 UTC wicked deep to $57,647.3 (taking that swept low) and closed strongly back up at $58,788.7, well above the level and back inside value; the 5m 01:40 close confirms strength continuing. Corroboration: this is a reclaim, not a fade of a flush — the flush already happened and price reclaimed on the close. Extreme Fear (F&G 11) and funding still mildly positive (+0.0041%) support a squeeze bounce off swept lows; price closed back above daily VWAP ($58,116) and reclaimed the 1H/15m POC region (~$58,440–58,460). Entry near current reclaim close; stop just beyond the sweep wick at $57,600; first target the day naked POC above at $59,250.5, taking profit early per SFP rules since a reclaim can be a bounce or full reversal.