Passe — pas de trade

The gate fired on a 1-minute cross back below daily VWAP ($78,711.7) — a 1m close is never a valid trigger on this book, and the only closed 15m candle (09:30 UTC, O $78,409.4 → C $78,689.0, up) is a bullish thrust INTO VWAP from below, not a rejection close at it and not a with-trend short close. So there is no confirming 15-minute trigger for either direction here. Corroboration is also mixed for a short: 4h CVD confirming_up, 5m delta +7.5 BTC confirming_up, OI building on a healthy 4h uptrend, and price sits just off the freshly flushed day low $78,109.9 / M-Open $78,511.5 support — fading momentum into that support is forbidden. Watching for a 15m close-and-hold above VWAP toward dVAL $78,437/D-Open, or a proper rejection close back under VWAP, before acting.