Passed — no trade

The only direction available on this book is a long, and there is no clean long trigger: price is coiling in a $200 band between dVAL/D-Open ($81,660–82) and dVAH ($81,803) with the developing POC/VWAP right at price — this is POC chop, the 50/50 mid-range the method says not to trade. The dev_poc level also already fired within the last 30 minutes, 4H CVD reads bearish divergence against a long after yesterday's -3,100 point daily down candle, and 5m delta is flat (+3.9 BTC) with negligible volume, i.e. a poor reaction at the level. No level-reaction, continuation or sweep-reclaim trigger for a long is present.