Passed — no trade

Pass under the stricter bar after two consecutive losses: the 02:45 UTC 15m candle closed back below dVAH $65,048 and pdVAH $65,127, but price is now below the required retest, while 5m delta is flat and 4h/24h OI is flat, making the reaction quality too weak to justify a short. Bearish 4h CVD and positive funding lean short, but they do not overcome the missing entry retest and poor participation.