Passe — pas de trade

Price at $61,221 has just rallied off the developing day low ($60,555) on a low-volume early-session pop, and is now pressing into a cluster of resistance: the developing day high ($61,113, just broken), the previous-day VAH ($61,642), and the 1H/4H VAL region (~$62,000-$62,100) overhead. The HTF structure is firmly bearish (daily lower lows/lower highs, just flushed to $58,985), CVD shows bearish divergence, and CCV is not in play — so a continuation long here is fading momentum into resistance, which is forbidden, and there is no with-trend short pullback close either. No level-reaction trigger has printed: this is a thin 5m/1m bounce, not a confirmed reject at VAH or a reclaim/SFP of a settled level. Volume is near-dead (session just opened), making the pop unreliable. Waiting for either a confirmed rejection close at $61,642 VAH (short) or a reclaim of value with conviction — neither exists yet.