Passe — pas de trade

The 02:15 UTC 15m candle did reclaim developing POC $64,853.5 after wicking below it, but the long reaction fails the stricter bar required after two consecutive losses: both 5m delta and 4h CVD confirm down while OI is flat, so participation does not corroborate the reversal. A short is also invalid here because price is sitting on the dPOC/dVAL/pwPOC support cluster rather than reacting from resistance.