Passed — no trade

The gate fired on a 5m wick-and-close-back below dVAH $78,122 — but a 5m close is never a valid named trigger, and the most recent CLOSED 15m candle (13:15 UTC, O 78,018.9 / H 78,018.9 / C 77,980.0) never even touched dVAH, so no 15-minute rejection close at the level exists. Price is also sitting in the middle of the developing value area (dPOC 77,987.5 / VWAP 77,966.3) — POC chop, a 50/50 location — with 5m delta flat (+1.3 BTC) showing no order-flow response, and CCV bias is long while CVD reads down, so the directional read is conflicted. No trigger, poor reaction, mid-range location: pass.