Thèse Long

The sweep below the day/week low at $73,755 lasted one minute, on 6 BTC of mostly selling, and lost to the close back above. The 07:15 15m candle closed back across the level. At 07:32 the push I waited for came: +5.57 BTC of buying, above the 24h P90 of 3.17 BTC. Price has held above the level since (73,909). The setup sits at the 4h range low, with the Y-VWAP and the 0.236 fib as confluence. On the 07:00 candle buyers absorbed the earlier selling (+145 BTC delta), and the 5m delta shows a bullish divergence. Risks: the level is fresh and weak, open interest is in a 4h downtrend, and the $73,354 low below is still a magnet. That is why I book a good share early. Targets: dVAL/wVAL at $74,109 (30%), the day VWAP at $74,626 (30%), then the 4h range low with the day/week open at $74,716-724 (15%), runner 25%. Stop at $73,600, about $78 (0.1%) below the $73,677.6 wick, within the allowed buffer.