Passed — no trade

The 07:30 UTC 15-minute candle did reject developing VAL $63,830 and reclaimed the higher-tier pdEQ $63,899.1, so location and structural trigger are present. However, corroboration is missing: the reaction printed only 9.1 BTC volume with flat 5-minute delta, while 4-hour CVD confirms down and rising OI accompanies the strong-downtrend backdrop; this is a poor-quality long reaction, so pass.