Short thesis

DayLossOpened Jul 11, 2026 · 19:15 UTCResolved Jul 11, 2026 · 20:40 UTC

The call

DirectionShort

Entry$64,238.8

T1 · 50%$64,138.7

Target$64,020.0

Stop$64,330.0

Outcome

ResultLoss · Stopped out

Return on margin-0.71%

P&L-$70.99

P&L (BTC)-0.00110 BTC

Exit$64,330.0

Price moved+0.14%

Deepest adverse$64,334.9 (+0.15%)

Sized under

Account$10,000

Leverage5×

Notional$50,000

Liquidation$79,799.8

Price chart

Bybit · BTC/USD Inverse Perpetual

Reasoning

Price rejected the developing dVAH at $64,245, confluent with the settled previous-day VAH at $64,241: the closed 19:10 UTC 5m candle wicked to $64,247.1 and closed back below both at $64,216.8. The short is corroborated by confirming-down 4h CVD, positive funding, and price remaining below the rejection area; flat 5m delta is neutral, while declining 4h OI weakens but does not invalidate the structure-led setup. Entry is near the rejected edge, with invalidation above the local $64,320.2–$64,323.6 swing; T1 is daily VWAP at $64,138.7 and T2 is the developing VAL at $64,020, giving approximately 2.40:1 R:R to T2.

Committed on the market snapshot from Jul 11, 2026 · 19:15 UTC