Passed — no trade

The developing dVAH ($64,775.0) rejection is real but very thin and unconvincing: price sits essentially on top of daily VWAP ($64,735.8), the day POC ($64,688.5) and the prior day VAH ($64,739.0) all clustered within ~$90 — this is fair-value chop, not a level worth trading with room to a target. The 15m rejection close ($64,747.5) is only $27 below the level, giving no structural space between entry and a first target, and volume/delta are near-zero (5m delta flat, 1m candles printing 0.0 BTC) at 02:30 UTC — no participation to confirm the rejection. CCV short_bias and CVD bearish divergence lean short, but with price glued to VWAP/POC and no clean level below in reach before support, there is no coherent R:R to a T2 that clears the 2:1 floor. No tradable location + no meaningful trigger with follow-through = pass.