Passed — no trade

I'm passing on this one. The level is weak and the rejection is weak, and both go against the trend. (1) The level swept is the developing VAL, a tier-2 level that keeps moving and only formed this session. It isn't one of the obvious extremes most traders watch. The wick went only $20 below it, on a 11.8 BTC candle. The candle closed $8 above its open, so it is a doji, not a strong reclaim. (2) The order flow shows no absorption. The 5m delta is -15.46 BTC over 30 minutes and the session CVD is -258 BTC, both still pointing down. Buyers did not step in at the level. (3) The context points down. The 23:00–01:00 candles kept defending the previous day's low ($79,699.6) and the 01:30 candle broke it. Price has stayed below it since, so the market is accepting prices below. The 1H candle closed down, and price is under VWAP and the open. The 02:15, 02:30 and 02:45 candles each pushed back down into this same zone and none bounced. That looks like price grinding into the level, not rejecting it. (4) T1 is the zone where the lost previous-day low, VWAP and dVAH meet ($79,639). Old support often becomes resistance there. Untaken liquidity still sits just below: today's low at $79,234 and the previous week's low and VAL around $79,079–79,160. Price is more likely to go down for those than to bounce cleanly from a developing VAL. The R:R to T2 is 2.09:1, barely over the floor, and that doesn't make up for a low-quality setup. A sweep of the previous week's low with absorption would be a better long.