Passe — pas de trade

The only fresh 15m close is a rejection BELOW dVWAP/dPOC/dVAH ($86,376–86,413) which points short, but it is a thrust-down close with no retest yet — price sits at the developing day low ($86,208.8), i.e. at support, not in open space, and fading momentum into a freshly-made low is forbidden. The dLow interaction is only a 1m wick-and-reclaim, not a named 15m trigger, and the broader signals conflict (CCV short_bias and 5m delta -66.7 BTC vs. 4h CVD confirming_up, a strong +1.7% daily close above pdH territory, and short-covering OI). No clean short location with a valid trigger — pass.