Passed — no trade

The trend favours a short: price is below the previous day's low, the VWAP and the day open, and the delta is confirming down. The location is the problem. The level swept is the developing VAL, a tier-2 level that moves during the day and that few traders watch. The sweep candle traded only 30 BTC, so there is little evidence of real stops taken or sellers stepping in. Directly below is the previous week's low at $79,658, about $440 away. That weekly level is also this month's low so far, and that zone is where T1 sits. The 14:15 candle has just made a capitulation-style flush into that zone: 282 BTC traded, there was a 140 BTC spike at the $79,702 low on the 14:27 minute, and price closed back up by about $450. That looks like buyers absorbing selling at the weekly/monthly low rather than sellers being ready to break it. CCV reads long_bias. Open interest is falling over 4 hours while price drops, which suggests longs closing out rather than new shorts adding pressure. Entry is in the middle of the range, between the fresh flush low and the $80,400 resistance (previous day's low plus VWAP). With $399 of risk, T1 pays only about 1R, at a support that is likely to hold or to set up a long SFP. T2 at $77.25k is unlikely to be reached within 24 hours. I'll pass and watch for a cleaner short SFP at $80,400 or $80,670, or a long SFP at $79,658.