Passe — pas de trade

The only trigger is a marginal 15m close $21 below the D-Open/W-Open ($86,470) and $0.40 below dVAL ($86,449) — a hairline close-through on 31 BTC of volume, not a genuine rejection or acceptance below value. Corroboration also contradicts the short: 5m taker delta is a bullish divergence (+44.6 BTC), 4h CVD is a bullish divergence, price is one-time framing up off the $85,330 swing with a strong daily close, and price is still pinned to VWAP $86,538 / dPOC $86,567. A short here would be fading momentum into the developing value edge with no quality reaction, so the trigger quality and corroboration both fail.