Passe — pas de trade

The 21:00 UTC 15m candle did reject developing POC $63,394.5, but after two consecutive losses this is not strict enough: dPOC is fair-value/POC chop, price is already pressing dVAH $63,463, and 5m bearish delta divergence conflicts with the bullish 4h CVD/value context. A stop with real room below the $63,375 sweep leaves only about 1:1 or worse to the nearest major objectives at $63,597.5-$63,652, so the required payoff and clean corroboration are missing.