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The fired trigger is a 15m close back below the developing dPOC ($64,945.5) / pdPOC ($64,970.5), which would point short — but the corroboration is against it: 4h CVD is confirming_up, 5m delta is flat-to-positive (+16.3 BTC), OI is flat, funding neutral, and the day is building value above D-Open/VWAP with the last 1H and 4H candles closing up. That is a low-volume overnight rotation inside a ~$260 developing value area, not a rejection worth trading; price sits between dVAL $64,833 and dVAH $65,008 with no room for a 2:1 to any real objective (nearest downside structure pdVAL $64,722 vs a stop above $65,020). With one loss already on this book, this poor-reaction, mid-value chop is a pass.

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