Passe — pas de trade

The only trigger is a 15m reclaim of the developing dVAL ($64,700) — a Tier-2 in-flight level, and the reclaim close ($64,772.1) sits right under daily VWAP $64,822.9 / dPOC $64,970.5, so the first meaningful resistance is only ~$50-200 away while invalidation must sit below the $64,446 swing: risk ~$350 for a T2 at dPOC gives well under 1:1. Corroboration is also mixed (4h CVD confirming_down, OI weakening on the 4h, 4h candle closed down from the day high) and 5m delta is a negligible +8 BTC — a poor reaction into the level. With one consecutive loss on this book, this is not the stricter setup required.