Passe — pas de trade

The only "trigger" is a 15m candle closing $1.50 below pdVAH ($78,801.5 vs $78,803.0) — that is noise inside a 1m/5m chop range, not a rejection or a close through a level with any conviction. Reaction quality is poor: Delta 5m is flat (-3.1 BTC/30m), volume on the last several 15m candles is minimal (7-23 BTC), and price is coiling right on the developing dPOC $78,732.5 / pdVAH $78,803 cluster — the middle of the profile, the no-trade zone. With no meaningful supply reaction and price pinned between dVAL $78,674 and VWAP $79,011, there is no clean short location and no confirming flow.