Passe — pas de trade

The 09:40 UTC 5m candle did close above the developing POC at $64,131.5, but a developing POC is fair-value/POC chop rather than an eligible developing value-area edge, and no closed 1m/5m/15m candle has confirmed a reaction at daily VWAP or a settled value level. Broader context is also mixed—bullish CVD/delta and 4h OI versus the strong-downtrend 24h backdrop—so the required quality level and corroboration are missing.