Passe — pas de trade

The 03:30 UTC 15m candle did close below the tier-one pwPOC at $64,114.5, but price has not backtested that lost level, so the required responsive entry is missing. Bearish acceptance is also contradicted by confirming-up 4h CVD and bullish 5m delta divergence, while falling 4h OI indicates short covering rather than aligned new-short participation.