Passed — no trade

The gate fired on a 5m wick-and-close-below pdVAL ($63,464) — but a 5m close is never the named trigger, and the last CLOSED 15m candle (16:30 UTC, O 63,468 H 63,487.9 L 63,430.7 C 63,430.7) is an inside, 4.3 BTC dribble that neither closed through nor rejected the level with any conviction. Reaction quality is poor: volume has collapsed since the 14:00-15:00 flush, Delta 5m is flat (+4.4 BTC) with no seller response at pdVAL, and price is chopping in a $60 band between dVAL $63,367 and dPOC/D-Open $63,520–63,548 — a mid-value no-trade zone, not a location. With one loss on the book and CVD confirming down against a 24h OI-up backdrop, I need a genuine 15m close through the value edge before committing.