Passe — pas de trade

The 21:29 UTC 1m candle did reject and close back below the settled previous-month VAH at $64,599, so a structural trigger exists, but the broader read does not corroborate the short: CVD is confirming up, price is above daily VWAP with strong bullish daily structure, and 5m delta is flat rather than turning negative. With OI showing only short covering and no aligned bearish participation, the required confluence is missing.