Passe — pas de trade

The only thing that fired is a 5-minute close through the developing dPOC ($77,772.5) — a 5m close is never a valid trigger on this book, and the 15m candle is still FORMING (the last CLOSED 15m, 23:45, closed at $77,801.6 before the level even reset). The day is 10 minutes old, so the developing POC/VAH/VAL are noise-thin (88 BTC of session volume) and sit within $50 of each other with VWAP and D-Open — that cluster is the middle of a micro-balance, a no-trade zone, not a location. Structure is also conflicted: yesterday closed as a large bearish engulfing off $81,468 down to $76,827, yet CVD/delta are confirming up and funding is slightly negative with OI bleeding (short covering) — no corroborated direction, so no trade.