Passe — pas de trade

The 00:44 UTC 1m candle did close below the developing POC at $64,756.5, but the short lacks clean broader corroboration: 5m delta confirms down while 4h CVD confirms up, and OI shows short covering rather than fresh bearish participation. Using honest structure, a stop beyond the $64,868.3 local swing and T2 at settled prior-day VAL $64,453 gives only about 1.4:1 from the current $64,698 area, below the 2:1 floor.