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The gate fired on a 5-minute close below the developing VAH ($64,740) — but a 5m close is never a valid trigger on this book, and the most recent CLOSED 15m candle (23:45 UTC) is an inside-range down candle that neither rejected nor closed through any tradeable level; the 00:00 15m candle is still FORMING. Price is also sitting essentially on top of dPOC/VWAP ($64,725) in the middle of a 1-hour balance ($64,629–$64,998) — POC chop, a no-trade zone — with a brand-new day profile of only 8.4 BTC volume and no structural conviction. No confirming 15m trigger, so this is a watch, not a trade.

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