Passed — no trade

I'm passing because the level this trade depends on is weak. The level swept is the developing day POC (tier 2) at $80,620. Price has been rotating around it since 05:30. A POC is where the market has been trading and agreeing on price. It isn't an obvious high or low that other traders watch, so there's no pile of stops under it to run (#172, #2117). The wick went $56 below it, mostly in one 1m candle at 13:18 on about 4.5 BTC, on a 15m candle of 7.3 BTC. That is a dip inside a tight chop, not a swing failure. Order flow doesn't help. Delta 5m is flat at -3.9 BTC, with no sign of buyers absorbing the selling at the level (#176, #2116). The 15m candle closed $14 above the level, inside the same $80,600–80,700 band price has sat in all morning, so the rejection is weak. The bigger picture works against a long. The daily and 4H charts show lower highs from $84.8k. The last 4H candle closed down. Price is below the previous day's value area (VAL $81,212), and open interest is up 4% in 24h in a strong downtrend. The only recent support is 4h short covering and the CCV long bias. The stop has a structural problem too. At $80,403 it sits just above the day low ($80,315) and the previous day's low ($80,375). Those are the real obvious lows, and liquidity there is likely to be taken before any move to $81,121. I would wait for a sweep and reclaim of the previous day's low or the day low, which are tier-1 levels with stops behind them, instead of buying a wick around the POC in the middle of a range.