Passe — pas de trade

The 2026-07-26 00:00 UTC 15m candle did reject the developing POC/VAH area ($64,338.5–$64,339.0), but the reaction quality is inadequate under the stricter two-loss filter: only 1.3 BTC traded, 5m delta is flat, and 4h OI is flat against a short-covering backdrop. The bearish CVD/CCV context supports a short, but without meaningful participation—and with pdH $64,346.1 merely front-run rather than swept—this is not a clean trigger to execute.