Passe — pas de trade

pdH ($81,179) is a level the market watches, and a retest of yesterday's high from above is a fair place to look for a long. This candle doesn't show a rejection there, though. The wick only went $19 below the level, and the close at $81,189.8 is just $10.7 back above it, in the lower third of the candle ($81,160–$81,265). The candle closed down, and volume was thin (14 BTC on the 15m, about 5 BTC on the last 5m bar). Order flow points the other way: Delta 5m is confirming_down at -14 BTC with full coverage. That means taker sellers were still pressing into the level, not being absorbed. The context leans against the long too. The 4H candle that just closed tagged $81,700 and gave back most of its gain, leaving a long upper wick. Price has made lower highs since 08:30 ($81,700 → $81,463 → $81,327), and the CCV bias is short. The session VWAP at $81,022 is just below, so price could easily drift down to it and take out a 0.2% stop just under it. The uptrend in OI and CVD is a real point in favour, but this close has no reclaim with conviction and no absorption to show buyers defending pdH. I'd rather see a clean flip hold, or a sweep with buyers absorbing the selling, before going long here.