Passe — pas de trade

The 18:15 UTC 15m candle did confirm a VWAP rejection and closed marginally below tier-one pwVAH at $64,425, but the reaction quality is insufficient: volume was only 3.2 BTC and 4h OI is declining, while 4h CVD still confirms up against the short. With only weak local negative delta supporting the rejection and broader participation conflicting, the required corroboration is missing.