Long thesis

The trade is a level-reaction long from the developing day/week VAL at $62,396, reinforced by nearby settled previous-week VAL at $62,518. The specific trigger is the CLOSED 2026-07-13 05:00 UTC 1H candle, which tested $62,396.2 and rejected upward to close at $62,723.8; the long CCV bias, bullish 4H CVD divergence, and weakening-downtrend OI backdrop corroborate the reaction, while flat 5m delta does not oppose it. Entry is near the trigger response, with invalidation below the rejection wick/VAL at $62,350; half is booked at the developing POC $62,739.5 and the remainder targets daily VWAP at $63,142.7, giving 1.45:1 R:R to T2, accepted here because CCV is the named high-probability context; after T1 the stop moves to breakeven.