Passe — pas de trade

The gate fired on a 1-minute wick-and-reclaim of the developing VAH ($79,733), but a 1m close is never a valid trigger on this book — the last CLOSED 15m candle (22:15 UTC) closed DOWN through $79,733 to $79,759.9... i.e. it is a rejection lower off the 80,166 spike, not a bullish reclaim, so there is no confirming 15m trigger in either direction. Structure is a tight $79,411–$80,166 balance around VWAP $79,672/dPOC $79,706 — price is mid-value, the no-trade zone — with CVD confirming_down, 5m delta flat (+3 BTC) and near-zero volume: a poor reaction with no order-flow response. Missing element: a confirming 15-minute close plus corroborated direction.