Passe — pas de trade

The 21:00 15m candle is a reclaim close off the developing day low ($77,800), but that low is a fresh intraday extreme made minutes ago — not a pre-existing, obvious, stop-rich level (the real structure below is W-Open $77,685 / pdVAL $77,795 / pwPOC $77,171), so condition (a) of the sweep-reclaim fails. Reaction quality also argues against it: 4h CVD confirming_down, 5m delta confirming_down (-33 BTC), flat open interest and a weakening-downtrend backdrop — no delta or OI response supporting the reclaim, with price below VWAP ($79,617), D-Open and dVAL. That is a poor reaction on a marginal location, so I pass rather than fade the day's downtrend for a bounce.