Passed — no trade

The gate fired on the developing-day VAL ($62,294) being lost on a marginal 5m close ($62,284.8, just $9 below), but this is not a tradeable trigger: price is pinned at the developing VAL with dVWAP ($62,365.7), day POC ($62,402.5) and day open ($62,237.1) all clustered within ~$130 — this is the middle of a tight balance area, i.e. fair value, not a clean level-reaction edge. The tape is choppy, near-zero volume overnight, with conflicting flow (4H CVD confirming up but 5m delta confirming down), so there is no established trend for a continuation entry and no swept prior structure with a reclaim close for a reversal. Method says do not open new positions in the middle of a range at fair value; a $9 close below a developing edge on 0.9 BTC of volume is noise, not a confirmed rejection or breakdown. No clean level worth trading with a corroborated trigger — pass.