Passe — pas de trade

The only trigger on the tape is a bullish one — the 00:30 UTC 30m candle opened below and closed above the developing wPOC ($79,052.5) — and STATE already holds an open long on this book, so a long cannot be recorded. There is no bearish trigger: no 30m close rejecting an HTF resistance (pwPOC $79,706.5 / wVAH $79,693 / mPOC $79,675.5 are all well above price, untested this session), no confirmed lower-timeframe structure break, and CVD confirming_up plus rising OI and Greed sentiment contradict a short here. The bearish side is missing both the level-reaction trigger and corroboration.