Passed — no trade

The fired trigger is a 1m close back below the developing dVAH ($65,142) — but this is a micro-level in the middle of a fresh day that just opened ($65,170) with price sitting essentially on daily VWAP ($65,124). There is no meaningful, settled level being traded here: the developing day VAH/POC/VAL are all clustered within ~$50 of each other on a nearly-empty new session (5.4 BTC volume), so the "reject" is noise, not a stop-rich structural boundary. The read is also conflicted: CVD is confirming_up and the last day/4H/1H candles all closed up (bullish HTF flow), which contradicts a short off a trivial 1m close. No obvious swept prior-period level, no confluence — this is proximity to a developing edge, not a tradeable trigger.