Passe — pas de trade

The 11:30 UTC 15m candle did reject daily VWAP at $62,647.1, but under the stricter two-loss filter the reaction is not clean enough: volume was very low, 4h CVD is confirming up, and OI is declining/short-covering despite the 5m bearish divergence. An honest short from $62,587 with room above the $62,667.7 rejection wick to roughly $62,800 and T2 at the developing low near $62,180 offers only about 1.9:1 R:R, below the required 2:1 floor.