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The trigger is a 15m close back below the developing POC/VWAP (~$64,357) on 2.1 BTC of volume in a dead-of-night session — a poor reaction: no delta response (5m delta flat +3.1 BTC), OI flat -0.08%, and the whole day's range is barely $150 wide, so there is no structural room between dPOC/pdH above and D-Open $64,279 / dLow $64,253 below to build a 2:1 trade. Direction is also conflicted: CCV short_bias and pdH rejection versus CVD confirming_up and a settled up-day closing at the highs. No clean setup — pass.

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