Passed — no trade

The only trigger on offer is a 5-minute close back below the developing VAH ($77,801) — and a 5m close is never a valid named trigger on this book; the most recent CLOSED 15m candle (23:45) closed UP at $77,801.6, i.e. into the level, not rejecting it. The day is five minutes old, so the developing dVAH/dPOC/dVAL/VWAP are all clustered within $30 of each other and of price ($77,758 vs VWAP $77,784, dPOC $77,772) — this is POC chop with no defined location, delta flat (-1 BTC/30m) and OI merely short-covering. No confirming 15m close, no meaningful reaction quality: pass.