Passe — pas de trade

Pass: although the 09:45 UTC 15m candle closed through dVAL $64,975, the stricter post-two-loss bar is not met. The break has weak/flat 5m delta and weakening OI, while bullish 4h CVD divergence contradicts the short and price is already pressing into nearby POC/open support around $64,879–$64,814; there is no confirmed 15m reclaim/rejection for a long either.