Short thesis

Structure: this is a level-reaction breakdown through the developing week value area low (wVAL $76,675) with the developing month VAL ($76,816) lost in the same move — both are higher-timeframe value-area edges from the TRADEABLE set, and a lost VAL is expected to flip to resistance. Trigger: the 2026-09-13 09:00 UTC 30m candle, shown CLOSED in TRIGGER FACTS, opened above $76,675 ($76,741.3) and closed decisively below it at $76,572.6 — a close through the level, not a wick. Corroboration is separate from that candle: CVD is confirming_down (Δ -208.4 BTC), price is below daily VWAP $76,924.8 and below the day/week/month opens, the 4H sequence since 09-09 is a clean run of lower highs and lower lows off the $82,265 weekly high, and the week has already failed back under the pwVAL $76,970 — value migrating lower day over day. Entry at the trigger close $76,609; stop $77,460 sits above the prior day high/4H swing high $77,457.7 — a wide swing invalidation off the obvious liquidity, since a reclaim of that high rebuilds the balance area. T1 $75,907.5 is the developing week/month low (nearest real HTF structure and resting liquidity); T2 $74,000 is open space below toward the next major shelf, and T3 $72,250 is the 6-month monthly-window POC, the big magnet below. R:R to T2 = 2,609 reward vs 851 risk ≈ 3.1:1, well clear of the floor, which justifies the wider swing stop. T1 fraction 0.20 — near-side liquidity pocket where a bounce is likely, but I hold the bulk for the POC magnet.