Passe — pas de trade

The 04:40 UTC 5m candle did close marginally below daily VWAP ($64,690.3) and the developing dPOC ($64,689.5), but price remains in fair-value/POC chop rather than showing a clean rejection or open-space trend continuation. Broader corroboration is conflicting: CCV short bias and 4h CVD point down, while 5m delta confirms up, the 24h OI backdrop is a healthy uptrend, and the latest closed 15m candle is bullish; therefore the required directional alignment is missing.