Passed — no trade

The 12:30 15m candle only reclaimed the developing POC/VWAP after a shallow $8 wick — a minor in-range level, not a stop-rich swept structure, and the same candle was simultaneously rejected at pwL $75,907.5 above, so the level read is contradictory rather than confluent. Reaction quality is poor: 8.4 BTC on the reclaim candle, 5m taker delta confirming DOWN (-24.8 BTC) against the bounce, and OI showing short-covering (-0.59%), so there is no aggressive participation backing a long, while the daily structure (large down day off $78,211 into $74,855, price under W-Open and the 4H VAL) does not corroborate a long either. Price sits mid-range between dLow $75,245 and dHigh $76,212 with no clean trend to join — no trade.