Passed — no trade

The level is a real one. Last week's high at $84,226.5 broke earlier today, and this is the first proper retest from above. The rejection is the problem. The SFP candle closed red ($84,339.1 to $84,271.1), only $44.6 back above the level and below the middle of its own range. It was a thin late-night candle (13.9 BTC), and the lows of the last few 15-minute candles keep stepping down from $84,743.9. The order flow does not back a long: Delta 5m is confirming_down at -6.85 BTC with complete coverage, so sellers drove the sweep and I see no sign of buyers soaking it up. The CCV has a short bias and its acceptance reading is 'failed'. Open interest fell 0.74% over the last 4 hours, so the move up looks more like shorts covering than fresh buying. The level was also already pierced at 19:00 (low $84,066.0), so its stops have mostly been taken. With a reward to T2 of only 2.03 times the risk, right at the floor, this is a weak rejection in a falling short-term move with sellers in control. A retest that holds would need buyers stepping in at the level, and I don't see that here.