Passe — pas de trade

The gate fired on a 5m wick-and-reclaim of the developing dPOC ($78,359.5), but a 5m close is never a valid trigger on this book — the last CLOSED 15m candle (03:15 UTC, O 78,350.5 / C 78,410.0) is just an inside-range doji straddling dPOC/VWAP, not a rejection or a close through anything. Price is pinned in the middle of the day's tiny 78,118–78,836 range at fair value (dPOC 78,359.5 / VWAP 78,426.8), which is the POC-chop no-trade zone, and flow gives no help: 5m delta flat (-1.5 BTC), 4h CVD confirming down against a mildly bullish tape, OI barely changed on 24h short-covering. No trigger, no corroboration — pass.