Passed — no trade

The gate fired on a 5-minute close below the developing VAL ($75,673) — but a 5m close is never the named trigger, and the most recent CLOSED 15m candle (00:30 UTC, C $75,714.5) closed back ABOVE VWAP and above dVAL, so there is no 15-minute confirmation of a break. Price is pinned in a $130 band between dVAL/VWAP ($75,673/$75,695) and dPOC/dVAH, i.e. the middle of a developing value area — a no-trade zone with no meaningful reaction: volume on the last hour of candles is negligible (0.7–2 BTC), OI is bleeding (weakening downtrend, -0.51% 4h), and the 4h CVD shows bullish divergence against the 5m confirming-down delta, so direction is contradicted rather than corroborated. No trigger, poor reaction quality, conflicting flow — pass.