Passe — pas de trade

The only trigger on the board is a 15m close back below D-Open/W-Open ($77,685.3) — a rejection of the day open from above — but the reaction quality is poor and the read is contradicted: the 07:15 candle is a tiny 17.5 BTC inside-bar drift, 5m taker delta is +21.9 BTC (confirming UP, not fading the highs), OI is in a healthy uptrend (+0.96% 4h / +3.02% 24h) with funding neutral at +0.010%, and price is holding above daily VWAP ($77,126) and above dVAH — all of which corroborate strength, not a short. Structurally price is also just under the developing day high $77,754.9 with pdH $78,028 above, so a short here is fading momentum into unfinished business rather than a confirmed failed auction; no sweep-and-reclaim close of the day high has printed. Corroboration is the missing leg, so this is a pass, not a wait.