Passed — no trade

The gate fired on a 5m wick-and-close-back below dPOC/pdPOC (~$78,717–78,722), but a 5m close is never a valid trigger on this book — the named trigger must be a 15m close, and the 04:00 15m candle merely closed down inside the range ($78,607) without rejecting the level (its high $78,735 barely tagged it on 6 BTC of volume). Reaction quality is poor: 5m delta flat (+0.2 BTC), 4h CVD confirming up, OI building in a healthy uptrend and funding mildly positive — all of which contradict a short at fair value, while price sits basically on VWAP/D-Open ($78,511–78,521) in the middle of the developing value area, the classic POC-chop no-trade zone. No confirming 15m trigger and no corroboration for either direction.