Passe — pas de trade

The 03:59 UTC 1m candle did reclaim the developing dPOC at $64,758.5, but that is mid-value/fair-value rather than a qualifying developing value-area edge, settled prior-period level, naked POC, or confirmed VWAP reaction. No valid continuation exists because 1m/5m/15m structure is choppy rather than aligned, while bearish 4h CVD divergence and flat 5m delta conflict with the mildly bullish OI context.