Passed — no trade

The swept level is the developing day POC, which price has been crossing back and forth for over an hour (05:15 to 06:15). It's the middle of value, not an extreme with stops parked beyond it. The wick ($80,575) didn't even take the 06:00 low ($80,549.5), so no new liquidity was taken. The rejection is weak: a $100 candle on 8 BTC in a thin session, closing at $80,640, still below the zone it claims to reclaim (VWAP $80,696, pwVAL $80,669, dVAH $80,721). Delta is flat to slightly negative (-20.85 BTC, partial coverage) with no sign of absorption at the low. Context leans down: 4H lower highs from $84.8k and OI up 1.45% over 4h while price fell. The obvious liquidity is the pdL $80,374.7 / dVAL / dLow zone just below, and the proposed stop at $80,414 sits inside it, so a normal sweep of that low would stop us out first. A sweep and reclaim of pdL would be the long worth taking; this one isn't.