Passed — no trade

The developing dVAL ($63,245) has just been lost — the 03:00 5m candle closed below it — but this is a BREAKDOWN, not a reclaim, so no reversal trigger has printed. Price is in an active downside slide making fresh session lows (63,163 low), with 4H/1H/5m/1m all closing down and CVD confirming_down (Δ -76.2), so a long reversal here would be knife-catching a flushing low with no reclaim close — forbidden. A continuation short into $63,163 sits directly ON the fresh session low / month POC support region, not open space, so fading momentum into that level is also disallowed. The only bullish hint is the 5m delta divergence (+7.8) and CCV long_bias, but a divergence alone is not a trigger and it contradicts, rather than corroborates, the trending tape. No confirming reclaim or with-trend open-space close — pass and wait for either a reclaim close back above dVAL or a clean continuation trigger away from the low.