Passe — pas de trade

The gate fired on a 5-minute close through the developing POC ($64,062.5) — but a 5m close is never a valid trigger on this book, and the most recent CLOSED 15-minute candle (20:45 UTC) is a small down candle sitting right on the level, not a close through or a rejection of it. Price is also mid-range between dVAL/dLow ($63,714–63,724) and VWAP/dVAH above ($64,487/$64,811) — the developing POC is fair value, the classic no-trade location — and the signals conflict (4h downtrend and bearish CVD divergence versus confirming-up 5m delta and a bounce off the lows). No 15m trigger, poor location: pass.