Passed — no trade

No clean triggered setup right now. Price sits at $62,228 — essentially exactly on the developing daily VWAP ($62,227), which is open space, not a strong level to react off. The day is in a clear downtrend (LH/LL on 4h/15m, closing below week/day open, above dVWAP only now), so a fresh long here would be fading the trend, and there is no swept, reclaimed prior level to justify a reversal — the recent 15m/5m up-closes are just a bounce from the day low, not a reclaim of any obvious pre-existing level. For a continuation short, price is at VWAP mid, but no with-trend down close has printed (last 15m/5m/1m closes are all UP), so no trigger. CVD bearish divergence and Extreme Fear support downside bias but a divergence alone is not a trigger. Missing element: a confirming candle close — either a rejection at a real level or a with-trend down close. This is a watch, not a trade.