Long thesis

Long the weekly value-area-low reaction at $62,182: the closed 2026-07-13 14:00 UTC 30-minute candle swept it to $62,022.9 and reclaimed it with a $62,478.8 close, confirming a bullish sweep-reclaim rather than entering the flush. Independent corroboration is the CCV long bias plus OI rising 0.72% while CVD confirms aggressive selling into the reclaimed support, consistent with new shorts being trapped; +0.0100% funding is neutral rather than an opposing extreme. Entry is near the reclaim, with invalidation beyond the sweep wick at $61,950; T1 is the previous-month POC at $62,700.5 and T2 is the previous-week POC at $63,938.5. Risk to T2 is approximately 2.62:1; book 15% at T1 and hold the remainder's stop at the original invalidation.