Passed — no trade

The only reaction so far is a 5m wick-and-close-back above pdPOC $78,913.5 — a 5m close is never a valid named trigger on this book, and the 15m that closed (11:45, C $79,049.1) neither rejected nor broke the level, it just drifted sideways above it. The broader read also contradicts a long here: price is grinding down from $81,226 in a series of lower highs/lower lows, sits below daily VWAP $80,004.6 and below dVAL $78,834 territory, 4h CVD is confirming_down and 5m delta is flat (no buying response at the level) — a poor reaction. No confirming 15m close, so this is a watch, not a trade.