Passe — pas de trade

The gate fired on a 5-minute close through the developing POC ($73,775.5), but a 5m close is never a valid trigger on this book — the most recent CLOSED 15m candle (00:45 UTC, O $73,621.4 C $73,648.9) closed BELOW the dPOC, so no 15m trigger exists at this level. Price is also pressed right into the developing day high $73,940 / dVAH $73,862 after a vertical two-day rally, which is an extreme, not an in-between continuation location, and the 5m delta is a bearish divergence (-9 BTC) into that high with open interest falling (short-covering -1.41%) — a poor-quality reaction for a long. No confirmed trigger plus contradicting flow: pass.