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The gate fired on a 5m close below pdPOC $62,934.5 — but a 5m close is never a valid trigger on this book, and the last CLOSED 15m candle (02:00 UTC, O 62,984.8 / C 62,921.6) is just a low-volume drift down through a cluster of levels (pdPOC, dVAL, VWAP, pdEQ all within $30 of each other), not a decisive close through a discrete level. Reaction quality is poor: 2.6 BTC on the 15m, delta 5m flat (+11 BTC), OI flat +0.09%, and price is pinned inside a $70 overnight balance between dLow $62,905.7 and D-Open $62,981.6 — this is POC chop, the 50/50 no-trade zone. No trend to join either: 1m/5m/15m structure is sideways, so there is no with-trend continuation and no swept level reclaimed.

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