Passe — pas de trade

The pdPOC at $64,637.5 did trigger a bearish loss on the closed 00:45 UTC 5m candle (O $64,740.9, C $64,602.7), with 5m delta confirming down, but broader confirmation is conflicted by the 4h CVD confirming up and choppy HTF structure. Using a properly buffered stop beyond the trigger high near $64,870 and the next major downside objective at the $64,110.5 naked POC gives only about 1.7:1 R:R, below the 2:1 floor, so the setup is a pass.