Passe — pas de trade

The fired "trigger" is a 15m candle with 0.9 BTC of volume that poked $19 above pdPOC and closed $46 below it — a dead-tape rejection, not a real reaction: delta 5m is flat (+0.1 BTC/30m), OI is flat (-0.13% on 4h), and the whole Asian session has drifted in a $570 box on almost no volume. That poor reaction quality alone is a pass. Structurally price is also pinned between pdPOC $77,470.5 / dLow $77,339 below and VWAP $77,699 / D-Open $77,801.6 above — mid-range chop with no clean level-to-level payoff, and the nearest genuine downside objective (D-nPOC $76,239.5) sits behind pdL $76,827.2, so there is no confluence-backed, corroborated location to lean on yet.