Thèse Long

Structure: the 13:30 15m candle wicked down to $63,791.5 — sweeping the developing day low / dVAL band ($63,812) — and CLOSED back up at $64,083.4, above dPOC $64,052.5 and the D-Open $64,020.1. That is the named trigger: a 15m sweep-reclaim (SFP) of an obvious, pre-existing developing-day low/VAL, reclaimed on the close, with the 5m/1m closes corroborating price holding above the reclaimed level. Corroboration: CVD is a bullish divergence (+122.7 BTC) into that flush, funding is benign (+0.0087%, normal), OI is falling on the 4h (short-covering, not new longs trapped above), and value has migrated higher day-over-day (dPOC $64,052 vs pdPOC $63,475). Entry here at $64,089.5 sits just above the reclaimed level rather than at the extreme; stop $63,690 gives real room beyond the $63,791.5 sweep wick — a close back under it means the auction did not fail. T1 $64,319 is the developing dVAH (nearest meaningful structure and the pre-flush balance edge), T2 $64,526.9 is the developing day high / week-month high — the main objective. R:R to T2 is ~437/400 ≈ 1.1:1 on the honest levels, which is thin; I take it only on the SFP/failed-auction reclaim setup, which the material puts at a ~62% reaction rate from the low that made the pattern — above the 60% floor. Because T1 is the value-area edge where price can easily stall and range, I bank a larger-but-still-quick 0.35 there and keep the stop at the original invalidation.