Passed — no trade

Two consecutive losses on this book means only a stricter-than-usual setup qualifies, and this is not one: the trigger is a 30m close ($64,449.6) that merely slipped back below the developing wVAH $64,499.0 / pwVAH $64,425.0 cluster after a two-day grind up — a marginal rejection inside a $64,340–64,940 chop zone, not a clean rejection of a settled higher-timeframe level. There is no established 4H/daily downtrend to join (structure has been higher lows since the $62,180 weekly low) and price sits mid-value between wVAH above and wPOC $63,672 below, so it is neither a corroborated level-reaction nor an open-space continuation. Funding is mildly positive and OI barely changed — no trapped-positioning corroboration; I wait for either a decisive close back above $64,499 or a proper rejection/sweep at pmVAH $65,203 or wPOC/wVAL $63,672/$63,444.