Passe — pas de trade

This is a sell-off candle that closed $3 above the level, not a real swing failure. The 15m opened at $79,777 and closed at $79,597.4, near its $79,572 low. The wick went only $22 below the dPOC ($79,594.5) and the close is $2.9 above it, so there's no real reclaim. The level is a developing day POC with the previous day's VAL, a middle-of-value level and not an obvious high or low (#172). The day low and VAL just below ($79,483-79,492) and the previous day's low and previous week's VAL ($79,160-79,234) are more likely what sellers are aiming for. Order flow shows selling, not buyers absorbing it: Delta 5m is -53.9 BTC (confirming down, complete coverage) and CVD is down, so there's no absorption at the level (#176, #2653). Context is against a long: price is below VWAP ($79,759) and below the day and week opens, the daily chart has made lower lows since the 21st, open interest rose over 24h while price fell (strong downtrend), and there's no CCV bias. With R:R to T2 only 2.10:1, the trigger quality isn't good enough to take it.