Passe — pas de trade

The 03:15 UTC 15m candle did reject the developing POC/VAH area (H $65,312.6, C $65,244.0), but the short lacks broader corroboration: 4h CVD is confirming up and OI shows short covering rather than trapped new longs. With a buffered stop beyond the sweep near $65,445 and the honest next major objective at dVAL $64,899, the R:R is only about 1.7:1, below the 2:1 floor; the 5m bearish delta divergence alone cannot rescue it.