Passe — pas de trade

The gate fired on a 5-minute close below the developing POC ($79,706.5), but a 5m close is never a valid trigger on this book — the most recent CLOSED 15m candle (15:15 UTC, O $79,680.5 H $79,740.6 L $79,645.1 C $79,654.1) opened below the dPOC and merely chopped around it, so there is no 15-minute close through or rejection at the level. Beyond the missing trigger, the tape is dead flat: the entire session has ranged ~$79,411–$79,749 (a $340 band) with price pinned between VWAP $79,626.7, D-Open $79,635.6 and dPOC $79,706.5 — the middle of value, an explicit no-trade zone — and Delta 5m is flat (+7.2 BTC) with negligible volume, a poor reaction by any read. Signals also conflict for a short: CVD confirming_up, OI building in a healthy uptrend, slightly negative funding and Greed sentiment all argue against fading this micro-rotation.