Passed — no trade

The developing VAL at $64,206 has a valid 15-minute reclaim/rejection trigger from the closed 06:45 UTC candle (low $64,194.2, close $64,215.5), but the required broader/order-flow corroboration is missing: 4h CVD confirms down, the 30-minute 5m delta response is flat, and participation is poor despite the CCV long bias. This is a structurally valid reaction with conflicting signals, so no clean trade.