Passe — pas de trade

The 09:45 UTC 15m candle did reject developing POC $63,475.5 (low $63,455.1, close $63,508.5), but this is a mid-value POC reaction on only 3.7 BTC with flat 5m delta and no convincing OI participation. Broader confirmation is conflicted—4h CVD confirms down, price remains below VWAP, and after two consecutive losses this does not meet the stricter quality bar.