Passed — no trade

The gate fired on a 1m close through pwVAL $63,723 — but a 1m close is never a valid trigger on this book, and the most recent CLOSED 15m (01:30 UTC, C $63,730) closed AT the level on tiny overnight volume (13.8 BTC), not through-and-retested. Price has drifted up in a thin, low-volume Asia session with flat 5m delta (-3.2 BTC) and short-covering OI (-0.58%), so there is no reaction quality to corroborate a reclaim of pwVAL; the daily structure is still lower highs from $65,444 with pdPOC/D-nPOC $63,950 overhead as resistance. No confirmed 15m trigger plus poor flow = pass.