Passe — pas de trade

The gate fired on a 5-minute close below pdPOC ($77,470.5) — but a 5m close is never a valid trigger on this book, and the last CLOSED 15m candle (06:45 UTC, O 77,403.1 H 77,437.8 L 77,400.0 C 77,424.2) is a tiny doji that closed UP, below the level, with no decisive close through or rejection at it. Reaction quality is also poor: volume has collapsed (0.7–6 BTC per 15m), 5m delta is flat (-3 BTC/30m), OI is flat (-0.13%) and funding is neutral — no participation to confirm a break of pdPOC, and price is coiling in the middle of the developing day range between dLow $77,339 and VWAP/dPOC $77,700–77,775, which is a no-trade zone. No confirming 15m trigger, so I pass.