Passe — pas de trade

The 02:30 UTC 15m candle did reject the developing POC at $64,878.5, but a long lacks required corroboration: 4h CVD and 30m taker delta are confirming down, while OI is declining and the developing POC is fair-value/chop rather than a clean edge. The same candle closed through dVAH, but no backtest has occurred for a short, and price is immediately above dPOC/VWAP support, so there is no clean confirmed entry.