Passe — pas de trade

The 19:25 UTC 5m candle did trigger a bearish rejection/SFP of the settled pdPOC at $64,138.5, but the directional confluence is not clean: 4h CVD confirms down and funding is positive, while the CCV bias is long, price remains above daily VWAP, 5m delta is flat, and local structure is choppy around fair value/POC. The level and close are present, but corroboration is conflicting, so no trade.