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Missing a confirming trigger. Price is coiling in a tight ~$600 overnight range ($61,150–$61,754) sitting right on the developing day POC ($61,578) / VWAP ($61,486) — i.e. mid-value fair value, not at a tradeable edge. There is no level-reaction close: the recent 15m/5m closes are directionless dojis on near-zero volume, no reject/reclaim of a settled POC/VAH/VAL. No trend to join either — the tape is sideways chop, not one-time framing, so no continuation setup. And no swept prior level with a reclaim close. With price parked at the POC (a no-trade zone), Extreme Fear sentiment against a modest bounce, and no confirming candle, this is a wait, not a trade.

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