Passed — no trade

I'm passing. The trade only clears the floor on paper. 1) The level is weak. The developing VAH ($84,580) is not a swing low with stops resting under it. It moves as the day's profile builds, and with today's rally it has simply followed price up. A dip of $28.8 under a line that keeps shifting isn't a sweep of liquidity the market watches (#172, #2117). It's only tier 2, and nothing stronger sits near it. 2) The rejection is poor. The candle closed DOWN, at $84,583.9, just $3.9 back above the level and near its low. Volume was 7.4 BTC, and the final 1m candles that made the wick traded about 1 BTC. That's late-session drift inside the 15m value area ($83,900–$84,675), not a stop-run that got bought back hard. 3) The context is against it. CCV is short_bias and acceptance has failed. Open interest is falling on short covering (4h −0.42%, 24h −2.98%), so the rally to $84,820 came from shorts closing, not new longs being built. The 4H candle closed down off the day high, and funding is slightly negative. The 32.8 BTC "confirming_up" delta is spread over very thin volume and doesn't show absorption at the level. 4) The ladder is weak. T1 is the day high only $237 away, a likely place to sell off again. T2 ($87,357) is the previous month's high, $2.8k away with no structure in between. That makes the 13.7:1 ratio unrealistic inside a 24-hour horizon. Overall there's no real sweep, no clean reclaim and no supporting flow, so I'll wait for an SFP at a level the market actually watches, such as the previous week's high at $84,226 or the VWAP at $83,757.