Passe — pas de trade

The gate fired on a 5-minute touch-and-close-below the developing VAL ($77,202), but a 5m close is never a valid trigger on this book and no 15-minute candle has closed through or rejected that level — the last closed 15m (00:45) is a tiny inside-range doji ($77,152 O / $77,148 C) sitting right at dVAL with no directional information. Volume is dead (1-5 BTC per 15m bar), Delta 5m is flat (-1.8 BTC) with no response at the level, and the tape is chopping between dLow $77,050 and dVAH $77,434 — a poor reaction and a sideways read, not a trend. No trigger, no reaction quality: pass.