Passe — pas de trade

The trigger is a 15m close ($79,760.2) marginally below VWAP $79,812.7 / pdEQ $79,788.8, but the reaction quality is poor and the location is muddled: price is chopping in a $79,540–$80,082 intraday band, sitting right on dVAL ($79,723) and pdPOC ($79,706.5) just below — i.e. a support cluster directly beneath the entry, not open space. Delta 5m is flat (-10.6 BTC) with no aggressive follow-through, 4h CVD is only mildly down, and Fear & Greed 73 / positive funding give no corroboration for a short from mid-value. A short from here to any honest objective (pdVAL $79,572 / dLow $79,539.7) against a stop above the dPOC/dVAH cluster (~$79,960) is well under 2:1, so the R:R floor fails as well.