Passed — no trade

The only trigger on offer is a micro-rejection of the developing dVAH ($77,800) by the 01:45 15m candle — but it is a 3-BTC-volume wick in a $100-wide overnight coil, with dPOC $77,775, VWAP $77,781 and D-Open $77,802 all stacked within $30 of price: this is the middle of value, a no-trade zone, not a strong level reaction. Delta 5m is flat (-1.2 BTC) with no response at the level, so the reaction quality is poor, and any short from here has pdPOC/nPOC $77,470 as first support barely $280 away against a stop above the day high — R:R to a meaningful T2 does not clear the floor. No corroborated directional read either: 4h closed up off the flush low while daily closed hard down.