Passe — pas de trade

The 02:30 UTC 5m candle did reject the developing dPOC at $64,756.5, but the short is contradicted by the 4h bullish CVD divergence and choppy structure rather than a clean downtrend. With a properly buffered stop above the $64,774.2 rejection wick and the next major objective at settled pdVAL $64,453, the honest R:R is only about 1.1–1.4:1 without a named high-probability CCV exception, so the payoff floor is also missing.