Passe — pas de trade

The level in play (D-nPOC / pdPOC $77,470.5) has only been broken by a 1-minute close — the 15m candle that closed at 03:45 UTC closed at $77,461.0 but with a low of $77,454.0, i.e. price is sitting ON the level with no confirmed 15m close through it and no retest; a 1m close is never a valid trigger on this book. There is also no rejection shape (no wick-and-close-back) and the reaction quality is poor — 03:45–03:59 volume is thin (14.8 BTC on the 15m) with only -13.4 BTC of 5m delta, on a first touch of a naked POC that the method treats as a likely support/bounce level rather than a short location. Missing element: a confirming 15-minute close plus its retest.