Passe — pas de trade

The 09:50 UTC 5m candle did reclaim the developing day POC at $62,485.5, but this is fair-value/POC chop rather than a clean edge and the bullish reaction lacks broader corroboration: 4h CVD confirms down while rising OI and positive funding support the bearish backdrop. The 5m bullish delta divergence conflicts with that context, so the confluence/directional-read requirement is missing.