Passe — pas de trade

The Tier-1 pdEQ at $65,399.8, confluent with dPOC/VWAP near $65,359, was lost on the closed 07:30 UTC 15-minute candle, and CVD corroborates downside; however, a close-through is confirmation rather than entry. Price is still at the trigger close below the level, so the required backtest has not occurred—awaiting retest rather than chasing, with flat 5-minute delta and weakening 4h OI also limiting reaction quality.