Passed — no trade

Price is sitting right on daily VWAP ($63,989.5) with almost no separation — the 5m "loss" of VWAP (close $63,980.5 vs VWAP $63,989.5) is a $9 wick-level nudge on near-zero volume (2.5 BTC), not a decisive rejection or reclaim close. The tape is flat/coiled inside a tight developing value area (dVAL $63,906 / dPOC $64,110), 5m/1m delta is flat (+1.4 BTC/30m), and there is no established trend to join — so this is a chop-at-fair-value read, not a triggered level-reaction, continuation, or sweep-reclaim. Corroboration is also mixed (CVD up but F&G Extreme Fear, funding neutral). No clean trigger — wait.