Passed — no trade

The gate fired on a 5-minute close below dVAL $85,963 — but a 5m close is never a valid trigger on this book, and the last CLOSED 15m candle (10:45 UTC) closed UP at $86,053.9, i.e. above dVAL, so there is no 15-minute confirming close through the level. STATE also shows this dev_val level was already attempted within the last 30 minutes, so a fresh 15m trigger is mandatory before re-engaging. Tape is choppy mid-range between dVAL $85,963 and VWAP $86,145 with thin volume and only a tiny -8.5 BTC 5m delta — poor reaction quality, no clean setup.