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The 03:30 UTC 15m candle did close through developing VAL $62,979, but price is now pressing directly into the settled previous-month POC at $62,700.5, so a continuation short would be fading momentum into major support. Broader confirmation is also conflicted: 5m delta and 4h CVD confirm down, while CCV is long-biased and falling OI signals a weakening downtrend; no closed reclaim/rejection trigger has printed at the monthly POC for a long.
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