Long thesis

Daily VWAP at $64,293.9, reinforced by settled previous-week VAH at $64,291, was swept and reclaimed by the closed 16:44 UTC 1m candle (low $64,292.5, close $64,305.5), confirming a bullish sweep-reclaim rather than a knife catch. The local 5m bullish delta divergence, negative funding, Extreme Fear, and 4h healthy-uptrend OI corroborate the bounce, though the bearish 4h CVD context argues for conservative targets. Entry is just above the reclaim; the stop is beyond the sweep wick, T1 is the developing 15m VAH at $64,350, and T2 is the developing monthly VAH at $64,410 beside the prior-day low at $64,404.2; risk:reward to T2 is approximately 2.56:1, with half booked at T1 and the remainder protected at breakeven.