Thèse Short

The swept day high sits in a dense resistance cluster: the pwPOC (tier 1), the month open, the pdVAH and the 30m SMA 200 are all within $35. The sweep is at the top of the 4h range (1.02 of it), so this is an SFP at the range edge, not in the middle. The move up from 04:35 came on thin volume, often under 2 BTC a minute, with OI falling 0.13% before the trap, which looks like short covering rather than new buyers. Then one minute of 17 BTC (15x the median) and +10.8 BTC delta went $17 past the level and got stuck. The next minute's delta was -8.6 BTC (1.9x the P90) and closed back below. That is the trap followed by a response. Risk: the bounce from $75,592 was sharp with no fractal against it yet, and OI is in an uptrend over 4h and 24h. I kept the trade honest with a tight stop: $77,560 is $128 above the wick (about 0.17%), the invalidation. Targets: I skipped the near set because N1 and N2 are closer than the stop and the 60-minute exit would apply. T1 is pdPOC $77,052, which sits with pdEQ and W-VWAP (30%). T2 is the 4h POC $76,662 (C1, 30%). T3 is the 4h range low and day low $75,592 (C2, 15%). The runner trails after that.