Passe — pas de trade

Pass: dVAH at $65,005 is in reach, but no qualifying 15-minute trigger has closed—the 01:45 UTC thrust is still forming, while the latest closed 15-minute candle (01:30 UTC) closed down at $64,874.5. Under the stricter bar after two consecutive losses, bearish 5-minute delta divergence, confirming-down 4h CVD, and flat/declining OI also fail to corroborate the upside break.