Passe — pas de trade

The developing day POC at $65,288.5 is in reach and the closed 00:29 UTC 1m candle crossed below it, but the short is not corroborated: 4h CVD and 5m delta are confirming up, while the 24h OI backdrop and higher-timeframe/value structure remain constructive despite the armed CCV short bias. With directionally conflicting context at fair-value POC rather than a clean rejection from an edge, the broader-signal requirement is missing.