Passe — pas de trade

The 22:30 15m candle did close through dVAL $78,909 (a valid Tier-2 break trigger, with CCV short bias and CVD confirming_down corroborating), but a close THROUGH a level is confirmation, not an entry — the entry is the retest, and price at $78,785.8 is sitting near the low of the thrust, not back at $78,909. Additionally the 5m delta is a bullish divergence (+6.6 BTC over 30m) against the new low and OI is flat, a poor reaction that argues against chasing this breakdown here; the developing day low $78,627 and M-Open $78,511.5 sit immediately beneath as support, so shorting into them from here is fading into a level, not open space.