Passe — pas de trade

The 01:55 UTC 5m candle did close back above the developing day low at $63,400, but that low is a fresh session extreme rather than a clearly pre-existing stop-rich level, and price has not reclaimed the developing VAL at $63,531. A continuation short is also forbidden at this freshly flushed support; despite aligned bearish CVD/delta, the armed long CCV bias creates broader conflict, so the required quality level and corroboration are missing.