Passe — pas de trade

The 01:00 15m candle did close back below dVAH $78,713 after wicking the developing day high / pdVAH ($78,803–78,820), which is a mild rejection at value-area edge — but the reaction quality is poor and the read is conflicted: volume on the wick is tiny (10 BTC on the 15m, sub-1 BTC on the last 5m prints), Delta 5m is flat (-1.2 BTC / 30m) with no aggressive response, and price is still sitting on daily VWAP $78,651 with dPOC/dVAL only $140 below — so a short has no room before support while 4h OI reads healthy_uptrend. That means no clean location: entry at $78,696 with invalidation above $78,820 gives ~$130 risk against a first real objective (dVAL/D-Open $78,554/$78,407) that fails a 2:1 honest floor, and the level is not stop-rich enough for the sweep-reclaim exception.