Passe — pas de trade

The only thing in play is pdPOC $86,065.5, and STATE shows this exact level already fired within the last 30 minutes — no fresh trigger. The 15m close at 10:15 (C $86,073.4) is a marginal wick-below/close-above of pdPOC, but it is a $8 hold at a mid-value level with tiny volume (3–11 BTC), the 5m closed back below it, and Delta 5m is a bearish divergence (−16.2 BTC) against the price push — a poor reaction, not a confirming trigger. Price is also sandwiched mid-range between dVAH/VWAP below and pdH/W-Open above with no 2:1 structural objective from here, so the level-reaction, the reaction quality and the R:R all fail.