Passe — pas de trade

The gate fired on a 5-minute wick-and-close-below the Month Open ($78,511.5), but a 5m close is never a valid trigger on this book — the most recent CLOSED 15m candle (17:45) is a small inside-range down candle with no rejection of or close through any tradeable level, so there is no confirming 15-minute trigger. Reaction quality is also poor: price is chopping in a $60 band around VWAP $78,557 / M-Open $78,511 with sub-4 BTC candle volume, Delta 5m flat (-0.2 BTC), and OI merely short-covering — that is fair-value dead space between dVAL $78,089 and dPOC $78,751, exactly the middle-of-profile no-trade zone. No level-reaction, no with-trend close, no sweep-reclaim: pass.