Passed — no trade

No confirmed trigger at a tradable level. Price ($59,345) is grinding lower beneath daily VWAP ($59,562), the developing day POC ($59,442) and the day open ($60,144) — bearish lean with CVD confirming down and Extreme Fear sentiment. But the only level in immediate reach below is the developing day VAL/day low at ~$59,240, and price is sitting right at it, not in open space — a continuation short here would be fading momentum INTO a fresh low/support, which is forbidden. There has been no reclaim close back above a swept level for a reversal, and no with-trend close in open space (we're at the low, not mid-range). The setup is a watch: either a 5m/15m close back below $59,240 with room to the week VAL ($59,134), or an SFP reclaim of that low — neither has printed. Missing element: a confirming trigger at a valid (non-extreme) location.