Thèse Short

Structure: a rejection at a stacked resistance — settled previous-day high $76,457 (Tier 1) sitting right on the developing dVAH $76,474. Trigger: the 15m candle closing 05:00 UTC (O 76,255.2 H 76,475.0 L 76,223.8 C 76,427.0) wicked ABOVE both pdH and dVAH and CLOSED back below them — the wick-and-close-back rejection shape, so entry is at the close/current price with the wick defining invalidation. Corroboration: CCV bias is short_bias with acceptance armed, 5m taker delta is a bearish divergence (-30.2 BTC into a fresh high — aggressive buyers failing to hold the extreme), and 4h open interest shows short_covering (-0.81%), i.e. the push up into pdH is covering fuel rather than fresh demand; funding is mildly positive. Stop $76,700 gives ~0.3% room beyond the $76,475 sweep wick and above the day high $76,680.7 (invalidation = acceptance above pdH/dVAH). T1 $76,298.4 is daily VWAP, the nearest meaningful structure; T2 $76,095.8 is the day open — the main objective, with a 1.32:1 R:R to T2, so I lean on the named-setup exception below; T3 $75,923.9 is the developing day low. Larger 30% at T1 named for low confidence: the broader 24h backdrop is a healthy uptrend and this is a fade of an up-move, so I bank more early and the stop goes to breakeven on T1.