Passe — pas de trade

The 01:15 UTC 15m candle did reject developing VAH $64,395, but the reaction is not strict enough after two consecutive losses: the latest closed 5m candle reclaimed above dVAH at $64,399.9 while 5m delta is flat and 4h OI is essentially unchanged. The short-biased CCV and bearish CVD provide context, but the required clean order-flow confirmation at the level is missing, so wait for a fresh 15m loss/rejection rather than trade conflicting closes.