Passe — pas de trade

The gate fired on a 5m close below pdPOC/pdVAH-VWAP cluster ($64,855.5 / $64,836), but a 5m close is never a valid trigger — the last CLOSED 15m candle (14:45, C $64,875.6) closed ABOVE the level, so there is no confirming 15m close through or rejection at it. Direction is also contradicted: CCV bias is long, 4h CVD is confirming up, OI healthy and price is holding the developing dVAL/VWAP band after a strong 08:00 4h up-candle, so shorting here is fading momentum into value with only a -9.4 BTC 5m delta as evidence. One consecutive loss on this book means a stricter bar: no trigger, no trade.