Passed — no trade

STATE shows 4 consecutive losses on this day book (last three outcomes L·L·L) — after three consecutive losses the rule is to pass this tick regardless of setup. Additionally, the only firing level is the developing POC ($64,871.5), a Tier-2 fair-value level in the dead middle of a tight overnight range on near-zero volume (0.7 BTC on the trigger 5m candle), which is a poor-quality location; the named trigger must be a 15m close and the 15m close down through dPOC is on negligible volume with a 5m bullish delta divergence contradicting the down move. No clean edge and the loss-streak circuit-breaker forces a pass.