Long thesis

This is a level-reaction long at the settled previous-month POC at $62,700.5, reinforced by the developing weekly POC at $62,726.5. The specific trigger is the CLOSED 2026-07-13 04:00 UTC 30-minute candle, which wicked to $62,609.9 below both POCs and reclaimed them with a $62,805.4 close; the separate CCV long bias and Fear reading of 28 corroborate the reaction, while falling OI weakens but does not invalidate it and funding is positive but not stated as extreme. Entry is at the trigger close/current price, with invalidation beyond the sweep wick at $62,580; 15% is booked at the developing daily VAH of $63,523 and T2 is the settled previous-month VAH at $64,599. Risk is $225.4 versus $1,793.6 to T2, approximately 7.96:1, which justifies holding the stop at the original invalidation after T1.