Passed — no trade

This is a weak SFP at a level in the middle of the range, and the context points the other way. (1) The level: the session VWAP and the developing POC/VAH sit in the middle of today's balance ($80,464–$81,073). That is fair value, not an obvious high that other participants are guarding (#172). (2) The rejection is poor. The candle closed UP, at $80,669.5 against a $80,653.4 open. The close is only $18 below the VWAP and right on the pwVAL ($80,669). The wick went $92 above the VWAP on just 5.3 BTC, in thin Saturday Asia trade. That looks like noise inside the range, not stops being run and rejected. (3) Order flow does not confirm it: Delta 5m is flat (+3.55 BTC, partial coverage), with no sign of sellers absorbing buyers at the high. (4) The context leans long: CVD shows a bullish divergence, the CCV bias is long and its acceptance is armed, and the pdL ($80,374.7) was already swept and reclaimed overnight. (5) The structure is thin: T1 is $218 away against $272 of risk. To reach T2 at the pwL, price has to break through the pdL/dLow and the dVAL first, against the order flow. The 3.7:1 R:R is mostly on paper.