Passe — pas de trade

The gate fired on a 5m close $2 below dVAH ($64,197) — that is not a trigger on this book: the 15m candle that closed (12:00 UTC, C $64,198.9) closed essentially ON the level, not decisively through or rejecting it, and the current 15m is still FORMING. Price is chopping in a $60 band between dVAH $64,197, VWAP $64,151 and dPOC $64,068 — the middle of developing value, a no-trade zone — with tiny volume (1-8 BTC per 15m) and no real delta response. Signals also conflict: 4h CVD confirming_up and OI building healthily against CCV short_bias and a mildly negative 5m delta, so neither direction is corroborated.