Passe — pas de trade

The only "trigger" is a 15m candle (12:00 UTC) closing $66 below VWAP/pdVAH on 5.6 BTC — a nothing candle inside a 1-hour chop band ($85,850–$86,227) with no established trend and no thrust: that is not a meaningful close through a level. Reaction quality is the blocker — Delta 5m is flat (+2.3 BTC), volume into the level is near zero, and OI is drifting (-0.92% 4h, short-covering backdrop), so there is no order-flow response to confirm the loss of VWAP. With price sat between dVAL $85,969 and dPOC $86,567 in open space, and the CCV short bias unsupported by any real break, this is a watch, not a trade.