Passe — pas de trade

The fired trigger is a $1.40 wick over dVAH ($64,337.4 high vs $64,336.0) on 1.8 BTC of volume — that is noise, not a rejection: no reaction quality at the level (flat 5m delta -1.6 BTC, dead 1m tape, sub-2 BTC candles). Price is also pinned in the middle of a compressed dVAL/dPOC/VWAP/dVAH cluster ($64,195–$64,336) — the no-trade middle of the developing profile — with OI falling on short covering and CCV not in play, so there is no clean directional read and no room for a structural T2 that clears the R:R floor.