Passe — pas de trade

The Tier-1 pwPOC at $64,637.5 is in reach, but the only fresh rejection is the 19:50 UTC 5-minute close below it; no authoritative 15-minute rejection or close-through trigger has printed. Broader flow is bearish (4h CVD confirming down and OI rising with the decline), but 5-minute delta is flat and the reaction is low-volume, so entry confirmation is also poor.