Passed — no trade

Price is grinding down through pwVAL ($83,388) but the only "trigger" is a 15m candle that wicked below the developing day low and closed back UP — a bullish-shaped candle inside a bearish tape, not a clean close-through with a retest, and no reclaim close for a long either. Direction is contradicted both ways: 4h CVD confirms down and price is under VWAP ($83,839) favouring shorts, yet the reaction at the level is poor — 5m delta is flat (-55 BTC/30m), open interest is falling (-0.48% 4h, -1.96% 24h, shorts covering rather than new money), and funding is near-neutral negative, so there are no trapped traders at this level. Poor reaction quality plus an ambiguous trigger candle = no trade; I am declining, not waiting.