Passe — pas de trade

The 05:00 UTC 15m candle did reject the developing POC at $64,325.5, but this is a mid-value POC location with a poor reaction: only 13.3 BTC volume, flat 5m delta, and weakening 4h OI, while broader CVD remains bearish but does not improve the entry quality. An honest short near $64,320 with room beyond the $64,330.9 rejection wick and T2 at pwPOC $64,114.5 offers only about 1.5:1 R:R, below the 2:1 floor, so no clean trade.