Passe — pas de trade

The only direction permitted on this book is long (open short with T1 booked), and there is no clean long trigger: the 01:15 15m candle wicked pdVAL/dLow ($81,527.6) and closed back above, but that's a tiny-range, near-zero-volume overnight wick inside a $200 chop band with no meaningful reaction — delta is flat (-5.5 BTC/30m), 4h CVD is a bearish divergence, and the daily structure is a clean lower-high/lower-low downtrend after yesterday's -3k flush. A low-volume reclaim of a developing low at dead-session liquidity is poor reaction quality, and longing into the dPOC/dVAH ceiling ($81,757–81,826) against the bearish flow has no corroboration.