Passe — pas de trade

The gate fired on a 5m wick-and-reclaim of the developing dVAL ($77,068), but a 5m close is never a valid trigger on this book — the named 15m candle (19:15 close) closed DOWN at $77,084.1 having rejected the dPOC from above, which is a bearish, not bullish, 15m read, so there is no confirming 15m close for the long. Corroboration is also absent: CVD is confirming_down, 5m delta is flat (−3 BTC) with near-zero volume into the low, price is below daily VWAP ($77,220) and the day open, and the dVAL "sweep" is of a developing intraday edge with no reaction quality — a poor reaction is itself sufficient to pass. Structure is a tight sideways coil inside prior-day value; that is the middle of a range, a no-trade zone.