Passe — pas de trade

Price is in a vertical, one-candle melt-up: the 15m 15:15 candle ran $66.5k→$69,789 and we sit $1.9k above VWAP and ~$4k above the day open after a +5.8% day. The gate's trigger is a dVAH ($68,000) reclaim, but that "level" is only a developing edge created minutes ago by this same spike — it is not a pre-existing, stop-rich level, and the reclaim close sits at the top of an over-extended thrust with the 5m delta gone flat (+103 BTC/30m) while price holds near the high: no aggressive follow-through confirming the break. Longing here means buying the extension/spiked high, not a retest, and shorting into it would be fading momentum — so there is no valid entry: the location quality and reaction quality both fail, even though structure "closed" above the level.