Passe — pas de trade

Pass: the 12:30 UTC 15m candle touched developing day low $65,020.1 and closed only marginally above it at $65,034.2, but the reaction is poor and lacks bullish corroboration—5m delta and 4h CVD confirm down, OI is building with the decline, and price remains below VWAP. It also closed through tier-one pwVAH $65,096.0; a short requires a backtest of that lost level, while a long requires a stronger 15m reclaim/rejection with order-flow response.