Passe — pas de trade

The 01:15 UTC 15m candle did reject the developing day low at $65,837.2, but after two consecutive losses this is not strict enough: dLow is a fresh extreme rather than a pre-existing swept level, while intraday structure is falling and the bullish 5m delta/CVD conflicts with the 24h strong-downtrend backdrop. Using a properly buffered stop below the $65,837.2 wick, the honest next major objective at dVAH $66,216 provides less than 2:1 R:R from $65,873, so the payoff filter also fails.