Passed — no trade

The level is minor. It's today's open at $80,736.1, only 30 minutes old, and not one of the obvious highs or lows most traders watch (#172). It sits inside a cluster around $80,680 (VWAP, today's POC and value area, last week's value area low) where price is just rotating. The rejection is thin. The wick went only $17.3 past the level, just over the $15 minimum. The candle closed up, near its high and only $13 under the level, on about 1.9 BTC with nearly empty 1-minute bars, so no stops were really taken. Order flow over the last 30 minutes was flat (+0.82 BTC net), with no sign of buyers being absorbed (#176, #2116). The context argues against a short. Yesterday price swept the previous day's low at $79,079 and rallied hard into the close, with 251 BTC on the 23:30 candle. The daily candle closed back up at $80,736. Open interest is in a healthy uptrend and the CVD is confirming up. A 5:1 R:R doesn't make up for a weak post-midnight wick at the open price, shorted against that recovery.