Passe — pas de trade

The gate fired on a 1m reclaim of pdVAL $77,912 — but a 1m close is never a valid trigger on this book, and the most recent CLOSED 15m candle (08:30, O 77,813.4 H 77,991.2 L 77,788.4 C 77,917.1) is a small-bodied inside candle that neither closed decisively back above pdVAL/pwVAL with conviction nor rejected the level; the 09:00 15m is still FORMING. Corroboration also conflicts: 4h CVD confirming_down, 5m delta confirming_down (-18.1 BTC) into the level, price below daily VWAP $78,450 and below the day/month open $78,511 after a heavy impulsive 08:00–08:25 sell leg — flow is fading the reclaim, not confirming it, so this is a poor reaction at the level rather than a clean bullish failed auction.