Passe — pas de trade

The gate fired on a $11 "rejection" of pdVAL ($79,523.0) — the 15m candle at 05:15 wicked $10 above it and closed $0.80 below. That is noise, not a trigger: the level interaction is inside the spread of a dead 0.3-BTC-per-candle Asian session, with flat 5m delta (-2.2 BTC/30m) and no volume or OI response at the level — a poor reaction, which is itself sufficient reason to pass. Price is also pinned between VWAP $79,567.8, dPOC $79,606.5 and dVAL $79,542.0 in a $270 developing day range, i.e. mid-value with no trend to join and no clean directional read.