Passe — pas de trade

The 05:30 UTC 15-minute candle closed through VWAP at $64,964.5, but price has not returned to VWAP after that confirming close, so there is no valid retest entry. Under the stricter bar after two consecutive losses, flat 5-minute delta, flat 4-hour OI/short-covering backdrop, bearish 4-hour CVD context, and very low trigger volume also leave the reaction insufficiently corroborated.