Passe — pas de trade

The only trigger is a 15m close back above the developing POC ($77,914.5) — a Tier-2 mid-profile level that is explicitly the "fair value / no-trade zone" of the developing day profile, with price sandwiched between dVAL $77,786 and dVAH $78,079 in a $400 overnight chop range on tiny volume (11 BTC on the trigger candle). Reaction quality is poor: no meaningful delta or volume response, OI weakening -1.48% on 4h, and 4h CVD confirming_down against a 5m delta only mildly positive — the signals conflict rather than corroborate. Any long from here has T1 at dVAH/dHigh only ~$70–430 away with an honest stop below dVAL/dLow, which does not clear the 2:1 floor to a credible T2.