Passe — pas de trade

The only "trigger" is a 15m candle (10:30 UTC) that wicked $3 above the developing POC and closed $15 below it on 0.7 BTC volume — a dead-tape micro-rejection, not a level reaction worth trading. Price is compressed in a $35 band between dPOC $64,944.5, VWAP $64,910.3 and dVAH $64,967.0 with essentially zero volume, flat 5m delta (+0.5 BTC), flat OI (-0.16%) and no CCV bias — a poor reaction at the level, which is itself sufficient to pass. Reaction quality and corroboration are missing, not just the retest.