Passed — no trade

I'm passing on this one. The rejection is too weak and the order flow points against the long. 1. **The level:** the level swept is the session VWAP, a tier-2 value level in the middle of a tight cluster: dev POC, VAH and VAL, the previous day's VAH and the previous week's POC, all within about $130. This is the middle of value, not an obvious high or low that the whole market watches. 2. **The close:** the candle opened at $80,617.7 and closed red at $80,524.8. That is only $7 back above VWAP, still below the dev POC ($80,535.5) and dev VAH ($80,554.0), and in the middle of the candle's range. That is not a clean reclaim. 3. **Order flow:** Delta 5m is confirming_down at -253 BTC with complete coverage. Almost all of it came in one 1-minute market sell (256 BTC at 01:03). Price got back to about $80,500 but has not followed through since. On the 1m chart, closes have slipped to $80,477–80,524 on very low volume. That looks like sellers leaning on the level, not buyers absorbing them. 4. **Context:** CCV bias is short. 1H and 15m have been making lower highs since the $81,179 sweep. Price is rotating back down into the value of the last few days, not being rejected out of it. OI rose 5.5% in 4 hours into this selling, so new shorts may be coming in. 5. **The trade itself:** entry sits about $40 above the zone, and the stop is at $80,241, below the previous day's midpoint (pdEQ). A modest push through $80,400 would stop it out. T1 at the day open ($80,771.6) is the same supply that sold off all night. What would make me take it: a wick below the day low that closes back clearly above the POC/VAH zone. Or the flow turning positive at the level, showing the selling being absorbed.