Passe — pas de trade

The gate fired on a 5m reclaim of the developing VAL ($78,006), but a 5m close is never a valid trigger on this book — the last CLOSED 15m candle (08:30 UTC) closed DOWN through dVAL at $78,014.7 with a $77,988.4 wick, which is not a rejection or a reclaim, just drift. Price is pinned in a $78,000–78,270 micro-balance between VWAP $78,083.7, dPOC $78,136.5 and dVAL $78,006 with 5m delta flat (+0.3 BTC) and near-zero volume — a middle-of-value, no-trade zone with no confirming 15m close in either direction.