Thèse Long

Structure: a sweep-reclaim (SFP) of a stack of pre-existing levels — the developing day low $83,297, the month open $83,523 and the dVAL $83,453 — all swept in one spike and reclaimed. Trigger: the 15m candle that closed 10:15 UTC (O 83,743.5 H 83,835.9 L 83,297.0 C 83,760.0) wicked below dVAL/M-Open/dLow and CLOSED back above the dPOC $83,725.5; the 10:10 5m close back above dPOC corroborates the reclaim timing. Corroboration: 4h CVD reads bullish_divergence (+84.5 BTC) into the flush, funding is slightly negative (-0.0029%, shorts paying — crowded short positioning), OI is weakening on the 4h (-1.24%) into the low (stops being taken rather than fresh committed shorts), and Fear & Greed 71 still Greed; sentiment and flow do not contradict a bounce back into value. Entry here is the reclaim close itself — the wick defines the invalidation, so the stop sits $830 below the sweep low's region at $83,130 (~0.2% beyond the $83,297 wick plus buffer). T1 is daily VWAP $84,187.3, the nearest meaningful structure and the session fair value overhead; T2 is pdVAL $85,121 (settled previous-day value edge, the main rotation objective); T3 is pwPOC/pdPOC $85,545.5 beyond it. Risk:Reward entry→T2 ($1,331.7) against entry→stop ($659.3) = ~2.0:1, clearing the floor. First profit is taken early at VWAP per SFP discipline since a reclaim may be only a bounce; remainder runs after stop goes breakeven at T1.