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Two consecutive losses on this book means I need a stricter-than-usual bar, and this does not clear it: the "trigger" is a 30m close $68 below pwPOC ($64,270.1 vs $64,338.5) on 13 BTC of volume — a drift through a level, not a decisive rejection or reclaim, and price is sat mid-range between wVAH $64,557 and wVAL $63,484 with the 4H tape sideways rather than trending, so there is no with-trend continuation either. Directional corroboration is also mixed: CVD confirms down and OI is flat/falling (shorts covering, weak), but funding is slightly negative and Extreme Fear at 25 with price above the weekly and monthly opens argues against pressing shorts here. No clean location plus a marginal trigger equals a pass.

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