Passe — pas de trade

The fired trigger is a 15m close below daily VWAP ($78,712) — but it is a thrust-through with no retest available (price $78,608 is below the level, not back at it), and it fires directly INTO strong support rather than in open space: pdL $78,627 / M-Open $78,511 / dVAL $78,449 sit immediately beneath, so a continuation short here is the forbidden fade of momentum into support. Corroboration also contradicts the short: CVD is confirming_up, 5m delta shows a bullish divergence (+5.6 BTC) against the new lows, OI is a healthy 4h uptrend and F&G is 69 Greed — so the read is conflicted, not merely awaiting a retest. No long trigger exists either: the low $78,109.9 sweep has produced no 15m reclaim close back above pdL/VWAP.