Passed — no trade

No confirming trigger has printed at a tradeable level. Price is sitting at ~$60,181 — just below daily VWAP ($60,377) and the developing day POC ($60,329) — in the middle of the developing day value area (VAL $60,225 / VAH $60,990), i.e. open space, not at a strong level. The last closes on 5m/15m/1H are mildly down but this is choppy drift, not a clean established downtrend with aligned flow (CVD is confirming_up, +175 BTC), so there is no with-trend continuation trigger. No level-reaction close (reject/reclaim/SFP) has printed at VWAP, POC, or a value-area edge, and no swept prior level has been reclaimed. Signals also conflict — CCV short_bias and Extreme Fear against confirming-up CVD and a 4H candle that closed up — so the read is unclear. Absence of a confirming trigger is sufficient to pass.