Passed — no trade

The VWAP sweep doesn't show a real rejection. The wick went $24.5 above VWAP ($81,546.0) in the first minute of the candle. Price then dropped to $81,407 and climbed back, and the 15m closed up at $81,513.2, only about $8 under VWAP and in the upper part of its range. That looks like price chopping around fair value, not a failed auction. The level is VWAP plus the developing VAL, the previous day's POC and the previous week's POC, which is the middle of today's balance (value $81,423–$81,850). That's not one of the obvious highs or lows other traders are watching for stops (#172), and very few stops would sit $24 above it. Volume is very thin: 6.8 BTC on the 15m, and close to zero on the 1m bars that made the high. The −6.62 BTC delta has only partial coverage and is too small to show absorption. The context leans the other way too: CVD shows a bullish divergence (+24.9), CCV is not in play, and price has been rotating inside the $81,400–$81,890 range all session. A short from the middle of value has no edge here. I'd rather wait for a sweep of a real extreme, such as the day high/VAH/week open near $81,890–$81,970, or the previous day's low at $80,789.