Passed — no trade

The gate fired on a 5-minute wick-and-reclaim of the developing POC ($77,961.5), but a 5m close is never a valid trigger on this book — the most recent CLOSED 15m candle (04:30 UTC) closed DOWN at $77,976.5, i.e. it closed lower into the level, not a rejection or reclaim close of it. So the required 15-minute confirming close is missing. Reaction quality is also poor: 1–4 BTC per 5m candle, Delta 5m flat (−1.9 BTC) with no response at the level, OI flat (−0.09%) — no evidence of trapped traders, and dPOC/dVAL/dLow are stacked within $30 of each other in a dead overnight chop range with price pinned between VWAP $78,059.5 above and pdPOC/nPOC $77,775.5 below. No trade.