Passe — pas de trade

The gate fired on a 5-minute reclaim of dVAL ($77,518) — but a 5m close is never a valid trigger on this book, and the most recent CLOSED 15m candle (16:15 UTC, O $77,594.1 H $77,674.7 L $77,383.0 C $77,550.1) closed DOWN and below dVAL, so no 15-minute reclaim/rejection close has printed at the level. Corroboration also opposes a long: CVD confirming_down, 5m delta -9.4 BTC, price below daily VWAP ($78,116) and below D-Open, with lower highs/lower lows all day and flat OI — a poor, low-volume reaction into the low. Missing the trigger and the corroboration, so this is a watch, not a trade.