Passe — pas de trade

The 13:50 UTC 5m candle did reject the developing dPOC at $62,734.5, but this is fair-value/POC chop rather than a clean edge and broader confirmation conflicts: 4h CVD/OI favor downside while CCV is long-biased and 5m delta is flat. An honest short to the nearby day low at $62,447.2 offers only about 1.5:1 with adequate invalidation above the $62,793 sweep wick, below the 2:1 floor, so no clean trade.