Passed — no trade

The gate fired on a 5m close back below daily VWAP ($65,078), but a 5m close is never a valid trigger on this book — the most recent CLOSED 15m candle (12:00 UTC) closed UP at $65,051, straddling VWAP with no rejection or acceptance either side. Price is chopping in the middle of the developing value area between dVAL $64,969 and dPOC $65,265 with pdEQ $65,045 right here, i.e. a no-trade mid-range location, and signals conflict (4h CVD confirming down vs 5m delta confirming up, OI falling on short covering). No 15-minute trigger, no clean level location.