Passe — pas de trade

The 06:00 UTC 15m candle did reclaim the Tier-1 pdL at $62,719.4, but the stricter post-two-loss bar is not met: 4h CVD confirms down, funding is positive, HTF structure remains bearish, and 5m delta is flat with quiet OI/volume rather than a strong response. The level and close exist, but corroboration is conflicting and the reaction quality is too poor to trade.