Passe — pas de trade

The gate fired on a 5-minute close below the developing POC ($77,183.5), but a 5m close is never a valid trigger on this book — the most recent CLOSED 15m candle (01:15 UTC, C $77,077.0) closed just below dPOC but sits right on the developing day low ($77,050) inside a $77,050–$77,434 dead-of-night range on near-zero volume (0.4–13 BTC per bar), which is a poor reaction, not acceptance. Price is also at the very low of the developing value area and just above the month VAL/month low structure, so a continuation short here would be fading momentum into support, which is forbidden; and the signals conflict (4h CVD confirming up, OI +2.46% healthy uptrend, funding neutral) against the 5m delta. No clean trigger with corroboration — pass.