Passed — no trade

STATE shows 4 consecutive losses on this book — after three, the rule is to pass this tick regardless of setup. Even setting that aside, the fired trigger (a 15m candle wicking below the developing POC $64,055.5 and closing $64,070.2) is a marginal reclaim of a fair-value level, not a strong location, on near-dead volume (0.0–8 BTC candles) with flat 5m delta — a poor, low-conviction reaction that itself warrants a pass. No trade.