Passed — no trade

The only trade permitted here is a short (open long on this book), but the short read is not corroborated: the 15m candle that closed at 08:15 spiked the developing day high and closed back below pmVAH/dVAH, yet everything else points up — 4h/1h closed up, CVD confirming_up, OI building in a healthy uptrend, funding neutral at +0.010%, and value is migrating higher (day value entirely above previous day's). Delta 5m is flat (+1.3 BTC), i.e. no aggressive sell response at the level — a poor reaction, which is itself sufficient to pass. Shorting into an aligned-up trend on a single small rejection close is fading momentum without confirmation of a lower-timeframe structure change (no lower low AND lower high closed).