Passe — pas de trade

The 01:30 UTC 15-minute candle did close back below the settled pdVAH/pdH at $65,088 and through dPOC $64,883.5, but a dPOC breakdown requires a retest and current price has not retested it. Treating the move as a failed auction instead requires invalidation beyond the $65,318 sweep high; from $64,786.9 the honest next major objective at pdEQ $64,296.5 offers only about 0.74:1 R:R, while bullish 5m delta divergence and healthy-uptrend OI also conflict with an immediate short.