Long thesis

Structure: the developing day VAL at $78,971 (Tier 2 dev value-area edge), which also sits just above the pdVAH $78,803 / dVAL confluence band and above the day open $78,407 — price is rotating inside developing value, so the VAL is the long edge. Trigger: the 15m candle that closed 14:15 UTC (O 79,085.6 H 79,148.0 L 78,840.4 C 79,040.7) wicked BELOW dVAL to 78,840.4 and CLOSED back ABOVE it — the rejection-at-level shape, entered at the close since the wick defines the stop; the 14:10 5m close back above 78,971 corroborates. Corroboration: 5m taker delta is a bullish divergence (+86.2 BTC over 30m) against the new low, funding is benign at +0.0076%, OI is falling on short covering (no trapped longs), the day is making higher lows off 78,402 with the 4h 08:00 candle closed up, and CCV is not in play so nothing contradicts the long. Stop $78,680 sits ~0.2% below the sweep wick (78,840) and beneath the 11:00 swing low 78,698 — a close below there says value is failing lower. T1 = daily VWAP $79,155.8 (nearest meaningful level, small 20% bank since VWAP is only a scalp level); T2 = developing dPOC $79,453.5, the main objective and fair-value magnet; T3 = day high / dVAH region $79,711. Risk:Reward entry→T2 (474.9) against entry→stop (298.6) ≈ 1.59:1... below the 2:1 floor on the honest levels, so I keep T2 at the real dPOC and accept the scalp shape — this is a with-bias scalp whose T2 is the first reaction level (dPOC), the shape the method permits when the ratio sits in the 1:1–2:1 band with a named 60%+ setup.