Thèse Short

Short the developing daily VAH at $66,385 after the closed 20:00 UTC 5m candle wicked above it to $66,405.5 and rejected with a close back below at $66,367.6. The reaction is corroborated by the CCV short bias, confirming-down 4h CVD, positive funding, and a price rise occurring with falling OI/short covering; flat 5m delta does not oppose the rejection. Entry is just below the trigger close, while $66,540 gives roughly a 0.2% buffer beyond the rejection wick; T1 is daily VWAP at $66,108.5 and T2 is the developing daily POC at $65,858.5. Risk to T2 is approximately 2.89:1; book 15% at T1 and move the remainder to breakeven.