Passe — pas de trade

The 18:00 UTC 15m candle validly reclaimed developing VAL at $64,700, but a close through is confirmation rather than entry and price has not backtested that level; at $64,789 this would be chasing, so await the retest. Broader context is also mixed: CCV long bias and positive 5m delta support the reclaim, while bearish 4h CVD divergence and weakening 4h OI reduce conviction.