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Price is sitting almost exactly on the developing daily POC ($60,062.5) and the 1H POC/VWAP zone — i.e. mid-range fair value, not at a tradeable edge. There is no fresh trigger: the last 5m/15m candles chopped sideways into the close (60,475 wick rejected back to 60,065) with no clean reject/reclaim of a settled level, and the broader read is conflicted (extreme fear sentiment and bearish daily structure with lower highs/lower lows vs. a mildly positive intraday CVD and price hugging VWAP). No level-reaction close and no clean with-trend continuation close — at fair value, waiting is correct.

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