Passed — no trade

Price is chopping tightly around the daily open/VWAP ($63,760) with no clean trigger. The gated event is a single 5m candle reclaiming the D-Open by a few dollars — that is fair value, not a stop-rich swept level, so it is neither a valid SFP/failed-auction reversal nor a level-reaction: the D-Open got no meaningful reaction and price is sitting right on VWAP in the middle of a tight overnight range ($63,530–$63,980). There is also no established trend to join — the tape is sideways/consolidating with 1m/5m/15m flip-flopping (last 15m closed down, 5m up, 1m down) and CVD only mildly confirming down while 5m delta is flat. No obvious pre-existing level has been swept and reclaimed, so no trigger exists worth committing to; this is a watch, not a trade.