Passed — no trade

No confirming trigger has printed at a tradeable level. Price is sitting at ~$62,789, just above daily VWAP ($62,588) and inside the developing day value area (VAH $62,703 / POC $62,500) — essentially fair value in open space, not at a strong settled level. The nearest naked POCs (day above $64,504 / below $61,564) and the pdVAH ($62,501, already reclaimed) are not in fresh reach with a signal. The 15m/5m/1m most-recent closes were mild up candles into the top of the intraday range after a spike to $63,051, but there is no level-reaction close, no with-trend continuation close on a fresh high (the 1H high $63,051 was rejected and price faded back), and no swept-and-reclaimed prior level for a reversal. Volume is thin and the tape is drifting sideways near VWAP — a watch, not a trade. Extreme Fear (22) with a mildly positive/neutral funding adds no directional edge here.