Passed — no trade

The developing VAL at $63,746 has a valid bearish trigger—the closed 01:05 UTC 5m candle crossed from above to below—but price is already pressing the prior-day low at $63,566 and the freshly flushed session low at $63,488, so a new short would fade momentum into strong support. Broader confirmation is also mixed: 4h CVD confirms down and funding is positive, but CCV remains long-biased while 5m delta and OI are flat; therefore the corroboration/location requirement is missing.