Passe — pas de trade

The 12:45 15m candle did wick below the naked day POC at $76,699.5 and close back above it ($76,835.2), but the reaction quality is poor and corroboration is against a long: the same candle closed BELOW pwVAL $76,970 (a Tier-1 level flipping to resistance), 4h CVD is confirming_down, 5m taker delta is confirming_down (-88.5 BTC/30m) with no positive delta response on the reclaim, and OI is falling into the low — shorts covering, not trapped shorts being squeezed. That is a reclaim on fading flow inside a fresh vertical flush, not a quality failed-auction long; and the counter-side (short) has no valid location here — price is at a naked POC / freshly flushed low, where fading momentum into support is forbidden.