Passe — pas de trade

The gate fired on a 5-minute wick-and-reclaim of the developing dVAL ($79,603), but a 5m close is never a valid trigger on this book — the most recent CLOSED 15m candle (00:00 UTC, O 79,635.6 H 79,688.9 L 79,583.0 C 79,641.9) is just an inside, near-doji bar in a $120 range, no rejection or thrust through any level. Reaction quality is also poor: the whole new session has traded 1.5 BTC, the last 5m bars are 0.1–0.6 BTC, and 5m delta is flat (-1.8 BTC) — no order-flow response at the level at all. Price is pinned between dVAL 79,603, dPOC 79,613.5, VWAP 79,631.3 and D-Open 79,635.6 (mid-value, fair-value chop), which is exactly the no-trade zone; with 4H CVD confirming down but funding slightly negative and OI mixed, the read is unresolved.