Passe — pas de trade

The developing dVAH at $64,721 produced a valid 5m rejection trigger at 04:05 UTC (wick $64,751.1, close $64,714.2), but directional corroboration is missing: CCV short bias and short-covering OI favor a fade, while bullish 4h CVD divergence and +21.2 BTC confirming-up 5m delta directly oppose it. With structure/order flow conflicted at the level, pass rather than short the confirmed rejection.