Passe — pas de trade

The gate fired on a 15m close back below pwVAH $79,909, but this is a marginal, low-conviction location: price is chopping in a ~$550 range all session, sitting essentially exactly on daily VWAP $79,817.8, D-Open $79,799.5 and pdEQ $79,788.8 — i.e. mid-value, not at a clean extreme. The reaction quality is poor: the "trigger" candle carried only 8 BTC, Delta 5m is flat (-0.4 BTC) with no aggressive response at the level, and OI is essentially unchanged (24h -0.32%) — no trapped longs to fuel a short. With entry ~79,833 and a stop above the $79,959/dHigh area, the honest first objective (dVAL $79,723 / pdPOC $79,706) sits under 1:1 R:R to any meaningful T2 without widening beyond structure, so the payoff floor is not met either.