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Price is sitting right at developing Day VAL ($61,727) / session low ($61,726) — a support level, not open space — so a continuation short is forbidden here and only a reaction (reject/reclaim/SFP) would qualify. But no trigger has printed: the level has not been swept-and-reclaimed (no close back above it after a wick below), and the last closes on 15m/5m/1m are all bearish INTO the level, not a reclaim. The bullish CVD divergence and Extreme Fear hint at absorption, but with no confirming reclaim close there is no setup — a forming grind into support is a watch, not a trade.

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