Passed — no trade

The gate fired on the previous-day low ($64,172.3), but there is no clean triggered setup here. Price is churning at daily VWAP ($64,246) and directly on the developing day POC ($64,131.5) — i.e. sitting on fair value in the middle of the day's range, a poor location to initiate. The 5m/1m closes below pdL are trivial (0.4 BTC and near-zero volume) with no reclaim structure, and they cut against the corroborating flow, which is confirming_up (CVD +20.8, Delta 5m +9.4). So the directional read is contradicted: I can't short with flow up into POC support, and I have no bullish reclaim-close trigger to go long. No confirmed trigger + at-fair-value location = pass.