Passe — pas de trade

The only thing that fired is a 5m wick-and-close-back-below the developing POC ($77,987.5) — a 5m close is never a valid named trigger, and the last CLOSED 15m candle (14:00) closed UP inside the range, so there is no 15-minute rejection or thrust close at the level. This dev_poc was also already attempted within the last 30 minutes, and corroboration is mixed (CCV long_bias with failed acceptance, funding mildly positive, 5m delta flat at +1.3 BTC = no delta response at the level). Price is mid-range between dVAL $77,449 and dVAH $78,122 with VWAP $77,961 overhead — poor reaction quality, no trade.