Long thesis

Structure: pwVAL $76,970 — a TIER ONE settled previous-week value-area low, an obvious stop-rich boundary. Trigger: the 15m candle closing 19:00 UTC (O 77,059.4 H 77,152.0 L 76,878.5 C 76,977.1) wicked BELOW pwVAL and closed back above it — the rejection-at-level / SFP reclaim shape, entered at the close because the sweep wick itself defines the invalidation; the 18:55 5m close back above 76,970 corroborates the timing. Corroboration: CCV bias reads long_bias, funding is near-neutral (+0.0043%), OI is falling into the low (-1.37% on 4h) which is short-covering rather than fresh aggressive selling, and price is holding above the D-Open $76,494.9 after today's sweep of $75,907.5 and reclaim. Stop $76,680 sits ~0.4% below the sweep wick $76,878.5, real room past the invalidation; T1 is dPOC $77,337.5 (nearest meaningful structure), T2 is daily VWAP $77,646 (session fair value, the main objective), T3 dVAH $78,136. R:R entry→T2 = 658 / 308 ≈ 2.1:1, clearing the 2:1 floor. T1 fraction raised to 0.30 as a named low-confidence factor: 5m delta is still confirming_down and this is a counter-momentum reclaim, so bank more early and move to breakeven.