Passe — pas de trade

The gate fired on a 5-minute close below pdPOC ($78,722.5), but a 5m close is never a valid trigger on this book — the most recent CLOSED 15m candle (04:15 UTC) closed UP at $78,762.5 after tapping the day high/dVAH at $78,852.0, so no 15-minute close through or rejecting the level has printed. Price is also chopping in the middle of a tight $78,118–$78,852 developing value area, right on top of dPOC/VWAP/D-Open — the method's no-trade zone — with flat 5m delta (+1.7 BTC) and no delta response at the level, which is itself a poor reaction. Direction is unresolved: 4h OI down 2.29% and CVD confirming down argue lower, while price holds above VWAP and D-Open and the daily closed up — conflicting corroboration.