Passe — pas de trade

The gate fired on a 5m wick-and-reclaim of the developing dVAL/dLow ($63,680), but a 5m close is never a valid trigger on this book — the most recent CLOSED 15m candle (09:00 UTC) closed DOWN at $63,710.3 making a fresh session low, i.e. it confirms downside, not a reclaim. So the required 15m reclaim close back above dVAL is missing. Corroboration is also against a long here: CVD confirming_down, 5m delta -25.4 BTC, funding mildly positive, price below daily VWAP/dPOC with value migrating lower — and a continuation short is forbidden into the freshly flushed developing low. No trigger, no trade.