Long thesis

Structure: Tier-1 pdH $78,028 was broken on the 11:30–11:45 thrust and is now being back-tested as support (classic S/R flip at a settled previous-day high). Trigger: the 15m candle that CLOSED 2026-08-24 12:00 UTC (O 78,400.6 H 78,400.6 L 78,057.0 C 78,112.3) held above pdH on the pullback, and the 12:15 5m candle wicked to 77,914.2 (below pdH) and closed back above at 78,189.7 — an imperfect retest/reclaim of the flipped level, sharpening timing only. Corroboration: 1m/5m/15m/1H/4H are all making higher highs and higher lows into the day high, CVD is confirming_up (+203.9 BTC), open interest is in a healthy uptrend (+1.35% 4h, +2.55% 24h — new money, not short covering), funding is neutral at +0.010%, price is well above daily VWAP ($77,354) and above D-open/W-open ($77,685); the counter-signals (CCV short bias — whose acceptance FAILED — and Greed 73) are not enough to overturn structure. Entry here is the retest itself, not the extension; stop $77,820 sits ~0.5% below entry and beneath both the sweep wick (77,914) and the flip level with real room, so a close back inside yesterday's range invalidates. T1 = dHigh $78,565 (nearest structure), T2 = pwVAH/prior-week high region $79,520 (main objective), T3 = weekly naked POC $80,715. R:R to T2 = 1,323 / 377 ≈ 3.5:1.