Passe — pas de trade

The 22:45 UTC 15-minute candle did print a bearish rejection/SFP at pdVAH $64,999 (H $65,026.9, C $64,991.3), with 5-minute delta confirming down, but the broader read is conflicted by bullish 4-hour CVD divergence and declining OI/short-covering rather than trapped new longs. The honest short to dPOC $64,750.5 from roughly $64,973 with a buffered stop above the sweep near $65,160 is only about 1.19:1, so this does not clear the normal 2:1 floor under the mixed context.