Passe — pas de trade

The 14:00 UTC 5m candle did reject daily VWAP at $63,112.9, but the directional corroboration gate is missing: bearish 5m delta/CVD and the 24h downtrend conflict with the armed CCV long bias and healthy 4h OI uptrend. Price is also back above VWAP on the still-forming candle, so the rejection has no clean follow-through and should not be chased.