Passe — pas de trade

The 00:30 UTC 5m candle did close below the developing POC at $64,749.5, but the bearish level-loss trigger lacks broader corroboration: 4h CVD is confirming up, 5m delta is flat, and open interest shows short covering rather than aligned new selling. The 1m/5m/15m tape is also not a clean established downtrend, so neither a level-reaction short nor a continuation entry qualifies.