Passed — no trade

No clean trigger has printed at a tradeable level. Price ($59,481) is sitting almost exactly on the developing Day VWAP ($59,586) and just inside the developing Day VAL ($59,086)/POC ($60,062) zone — i.e. mid-range, fair value, not at a strong defined edge. The HTF picture is a clear multi-day downtrend (lower highs/lows from 67k to 58k), but the local 1m/5m tape is choppy and two-sided: the 13:15 flush to 58,331 was immediately bought back to 60,063, and the last few 5m/15m candles are oscillating without a clean with-trend close making a fresh low. There is no level-reaction trigger (no SFP/reclaim/reject candle closed at the VAL, VWAP, or a naked POC) and no with-trend continuation close in open space — the recent action is a bounce against the downtrend, not a fresh leg down. Bearish CVD divergence and Extreme Fear lean short, but with no confirming close at a tradeable level this is a watch, not a trade.