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Price is mid-flight in a fast breakdown ($63,300 → $62,484 in the last 20m) with no confirming close at a tradeable level. The nearest below-price naked POC (Day $61,726.5) and Month VAL ($60,380) are still well below — price is in open air, not at a level. The active 1m/5m candle is the breakdown candle itself (CVD confirming_down, Δ -574 BTC), so there is no reclaim/SFP trigger and chasing into the move is exactly the unconfirmed entry to avoid. Bias (Extreme Fear 23, negative CVD, below daily VWAP/value) is bearish, but a short here would be entering after the impulse with no level and no retest — wait for either a close-back-into-value reclaim or a reaction at the $61,726 naked POC.

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