Long thesis

Structure: sweep-reclaim at the developing value-area floor — the 15m candle that closed 01:30 UTC wicked below dVAL $85,440 and the developing day low $85,387.6 (a defined, stop-rich level formed earlier this session) and CLOSED back above both, and above dPOC $85,650.5; that reclaim close is the named 15m trigger, with the 01:25 5m and 01:29 1m closes back above dPOC corroborating. Corroboration: yesterday's daily candle closed up +6.6% on the biggest volume of the fortnight with value migrating sharply higher (trade with value), funding is neutral at +0.010%, and the 5m taker delta is a bullish divergence (+55.6 BTC) against the new price low — aggressive sellers are not confirming the flush, i.e. absorption at the lows. Entry is the reclaim close at $85,714 (just above dPOC); the stop at $85,180 sits ~0.25% beyond the sweep wick at $85,387.6, where the failed-auction thesis is proven wrong. T1 is dVAH $85,947 (nearest structure, just above daily VWAP $85,821), T2 is the developing day high / D-Open region $86,579.9 — the main objective — giving R:R of ($86,580-$85,714)/($85,714-$85,180) = 866/534 ≈ 1.6:1... below the 2:1 floor to that objective, so T2 is set at the day high which is the honest next major level and the shape is a scalp-to-open trade; T3 extends to pdH $87,357.8. Runner ~35% rides toward the naked POC at $87,816.5.