Long thesis

Long the rejection/reclaim of the day open at $64,565 and settled pdPOC at $64,587.5: the closed 2026-08-06 16:45 UTC 15-minute candle wicked below both levels to $64,561.1 and closed back above at $64,671.2. CVD and 5-minute taker delta confirm upward participation, price is above VWAP, and extreme fear supports squeeze potential, though falling 4-hour OI shows short covering and keeps this below maximum conviction. Entry is at the reclaim close/current price, with invalidation buffered below the sweep wick at $64,430; T1 is the nearby settled pdVAH at $64,714 for a quick 15% reduction while the original stop holds, and T2 is the major pmVAH at $65,203 beyond the $64,855-$64,941 resistance cluster, giving 2.21:1 R:R to T2.