Passe — pas de trade

The only close that reclaims anything here is a 5m candle (10:35 UTC) back above pdPOC $77,005.5 — a 5m close can corroborate but is never the named trigger, and the 15m 10:15 candle closed at $76,901 still BELOW pdPOC/dPOC, so no 15m trigger has printed at the level. Structure is also mixed: dVAL $76,458 held on the flush but price is still under VWAP $77,573 and the 4h closed down hard from $78,769, with 5m delta flat (-9.3 BTC) showing no aggressive response to the reclaim — poor reaction quality. No confirming 15-minute close = pass.