Passed — no trade

Weak SFP at a mid-value level. The level swept is the developing day POC (tier 2), which sits inside today's value and is not an obvious extreme that the market watches. The wick went only $15.5 below it, just $0.5 past the $15 minimum, so few stops were taken. The candle itself does not show a rejection: it opened at $80,510.1 and closed lower at $80,477.9, on only 16.7 BTC of volume. Order flow over the last 30 minutes is confirming_down (net -11.09 BTC). That is selling into the level, not the absorption a long SFP needs. In context, price has been rotating around the POC/VWAP/VAH cluster all session, below the day open ($80,736) and with no CCV in play. That is acceptance inside value, not a failed auction. The R:R to T2 is 2.04:1, barely above the floor, so there is no extra reward to make up for the poor quality. Rising open interest and CVD give a mild bullish lean, but that is not enough to take this trigger.