Passe — pas de trade

No confirmed trigger at a tradeable level. Price is drifting down toward the below-price naked/settled dPOC at $62,500.5 (which also = day VAL region ~$62,501–$62,741 and the 15m/5m range low $62,501.2), but that is a strong support in reach — so only a reaction (SFP/reclaim) would be valid there, and none has printed: the 15m/5m/1m closes are small green candles just off the low, not a confirmed reclaim close back across a swept level, and the 1H closed down (into the level). A continuation short is forbidden into that naked POC support, and the choppy low-volume overnight tape is not a clean trend anyway. With extreme fear, near-neutral funding, and CVD confirming down but price sitting on support with no reject/reclaim confirmation, the missing element is a confirming trigger — this is a watch, not a trade.