Passe — pas de trade

The 06:45 UTC 15m candle did reject the tradeable dPOC at $64,946.5, but the reaction is too poor to short: only 1.0 BTC volume, flat 30m taker delta, and price remains clustered around fair value/VWAP rather than showing decisive rejection. A properly buffered stop beyond the $64,949.9 wick leaves less than 1:1 payoff to the nearest meaningful downside structure (VWAP/dVAL), so the setup fails both reaction-quality and R:R requirements.