Long thesis

Long the developing day VAL at $62,225 after the closed 17:14 UTC 1m candle swept it to $62,216.6 and reclaimed it with a $62,237.6 close, confirming a bullish sweep-reclaim rather than entering the flush. CCV is long-biased, 4h CVD shows bullish divergence, and rising OI into the selloff can represent newly opened shorts trapped by the reclaim; flat 5m delta is neutral, while positive funding and the broader downtrend temper but do not override the confirmed level reaction. Entry is the reclaim close, with invalidation just beyond the sweep wick at $62,190; T1 is the developing POC at $62,499.5 and T2 is daily VWAP at $62,830, giving approximately 12.45:1 reward-to-risk to T2, with half booked at T1 and the remainder protected at breakeven.