Passed — no trade

The gate fired on a 5-minute close below dVAL $77,250 — but a 5m close is never a valid trigger on this book, and the most recent CLOSED 15m candle (06:15 UTC, O $77,141.5 / C $77,214.7, closed UP) is a small inside candle straddling the level, not a close through or a rejection of it. So the confirming 15-minute trigger is missing: price is simply chopping either side of the developing VAL after the 05:00 flush, with tiny volume (21–31 BTC) and a nearly flat 5m delta (-15.3 BTC/30m) — a poor, low-conviction reaction at the level. Directionally it is also conflicted: the daily is strongly one-time-framing up off $72,965 with the 4H last closed up, while OI is falling (-4.97%, short covering) rather than building trapped longs, so a short here would fade a powerful uptrend into no corroboration.