Long thesis

The trade is a reclaim of the settled previous-month POC at $62,700.5: the closed 15:10 UTC 5m candle opened below it at $62,689.3 and closed above it at $62,706.7, providing the level-reaction trigger after the larger bounce from the session low. The long is corroborated by the CCV long bias, bullish 4h CVD divergence, confirming-up 5m delta, and the closed bullish 14:00 UTC 1h candle; modest positive funding is a caution but does not outweigh the aligned structural response and flow. Entry is at the trigger close, with invalidation just below its $62,674.8 local low; T1 is the developing monthly POC at $62,787.5 and T2 is the developing day/week POC at $63,006.5, giving approximately 8.2:1 R:R to T2, with half booked at T1 and the remainder protected at breakeven.