Passe — pas de trade

The gate fired on a 5-minute wick-and-close-back below daily VWAP ($78,064.2), but a 5m close can never be the named trigger — the last CLOSED 15m candle (10:15 UTC) closed UP at $78,002.8, i.e. no 15m rejection or close through VWAP has printed. Structurally price is coiling in a $77,896–$78,273 balance between dPOC/dVAL and dVAH with no trend to join (choppy 1m/5m tape), and the signals conflict: 4h CVD bullish divergence and flat OI against a 5m bearish delta divergence, with volume into the level near-zero (0.1–2.7 BTC per bar) — a poor reaction that fails the quality bar on its own. No trigger, no corroboration: pass.