Passe — pas de trade

The trigger is a single 30m close (14:30 UTC) back above the developing wVAL $77,857 — but that level was only lost this morning and price has spent the whole session chopping $77.3k–$78.1k beneath it, so this is a reclaim into the middle of the week's value area (wPOC $78,897 above, wVAL $77,857 here) rather than a reaction at a defined HTF support: no swept prior swing low, no CCV (bias not in play), and the level-reaction quality is poor. Corroboration is mixed — funding mildly positive, OI falling on short-covering rather than trapping, and the 4H structure since the $81,468 high is a clean series of lower highs/lower lows, which contradicts the long. That leaves T1 at wPOC ~$78,900 with invalidation below $77,339, roughly 1.5:1 to a T2 at wVAH $80,014 only if it clears — not enough edge against the prevailing 4H downtrend to commit.