Passe — pas de trade

Price flushed from $81.3k to $78.93k and is now chopping sideways in a $79.0k–$79.5k box — that is mid-air between dVAL/pdEQ ($79,621/$79,580) above and W-open/D-nPOC↓ ($77,650/$77,753) below, i.e. no tradeable level is being reacted to right now. The 14:15 15m candle closed down but made no fresh low (13:30 low $78,933 stands) and no level was broken or reclaimed on that close, so there is no continuation trigger and no level-reaction trigger; the pullback into $79.4–79.5k that would be the retest has already been given back without a with-trend close. Reaction quality is also poor — 5m delta is flat (-3.9 BTC) and OI is falling, so the sell-off is closing shorts rather than trapping anyone.