Passe — pas de trade

The "trigger" is a 15m candle whose high ($64,643.5) exceeded pwPOC $64,637.5 by only $6 and closed $4.4 below it — that is noise on 2.0 BTC of volume, not a rejection wick with a definable stop, and price has been chopping in a $60 band around pwPOC/dVAH for two hours. Delta 5m is flat (-2.1 BTC), OI flat, so there is no order-flow response at the level; a poor reaction at a level is itself a reason to pass. Structurally price sits mid-range between dVAH/pwPOC above and VWAP/dPOC below with no established trend, so neither a level-reaction nor a continuation entry qualifies.