Passe — pas de trade

The pdPOC $78,722.5 break was made by a 5-minute close only — the last CLOSED 15m candle (03:15 UTC, C $78,410.0) is far below the level and the 03:30 15m candle is still FORMING, so no valid 15m trigger exists. Corroboration is also against a long here: CVD is confirming_down, 5m delta is a bearish divergence (-27.5 BTC) into the push, and the 24h OI backdrop is short-covering — a thin overnight ramp into dPOC/dVAH ($78,717–78,806) with no confirmed close is a chase, not an entry.