Long thesis

Structure: previous-day high (Tier-1 settled pdH) at $77,377.6 was broken on the 02:15 15m impulse and the level is now being back-tested as support — a classic resistance-to-support flip, with pwPOC $77,139.5 and daily VWAP $77,258.7 stacked just underneath as confluence. Trigger: the CLOSED 15m candle at 02:30 UTC (O 77,463.1 H 77,613.1 L 77,367.0 C 77,407.5) wicked BELOW pdH $77,377.6 and closed back above it — a rejection AT the level, so the entry is taken at the close/current price with the wick defining invalidation; the 02:40 5m close back above corroborates. Corroboration: 4h CVD confirming_up, 5m taker delta +309.9 BTC confirming_up, OI +3.59% on the 4h (healthy_uptrend — new money behind the break), funding benign at +0.0047%, F&G 57, and today's value is building above yesterday's (dPOC 76,829.5 > pdPOC 76,731.5) with price above D-Open/W-Open 76,748.8. Stop $77,180 sits ~0.26% below entry, beneath the 77,367 sweep wick and below VWAP/pwPOC — a close back under those kills the flip. T1 = developing day high $77,662.2 (nearest structure, 20% banked, stop to BE); T2 = M-Open $78,511.5, the main objective above the dVAH; T3 = pwVAH $78,838.0. R:R to T2 = 1,073 / 258.5 ≈ 4.1:1, clearing the 3:1 preference.