Passed — no trade

The gate fired on pdVAL at $64,500 but no clean trigger is present. Price is sitting almost exactly AT pdVAL ($64,500) with the developing dVAH ($64,493) and daily VWAP ($64,294) all clustered right here — this is mid-value/fair-value chop, not a decisive reclaim or rejection. The 5m at 16:30 wicked above $64,500 and closed $6 below it: a 3-tick straddle on 13.8 BTC, far too marginal to call an SFP or failed-auction of the level. Broader signals also conflict: CVD shows bearish divergence and 4h/1h/15m/5m all last-closed UP into the level, so a short read is contradicted and a long read has no confirming reclaim close. No coherent level-reaction trigger and mixed flow — pass and wait for a decisive close through or clean rejection.