Passe — pas de trade

The gate fired on a 5m wick-and-reclaim of pdH $77,718.0, but a 5m close is never a valid trigger on this book — the most recent CLOSED 15m candle (08:30 UTC, O $77,899.4 / C $77,804.2) is an inside down-candle well above pdH and confirms nothing at the level. Corroboration is also mixed: price is above VWAP/D-open with a bullish daily reclaim, yet CVD shows bearish divergence, 5m delta is confirming_down (-22.5 BTC) and OI is falling (short covering), so the flow does not back a long off pdH. No confirming 15m close, weak/fading reaction quality — this is a watch, not a trade.