Passe — pas de trade

The gate fired on a 5m wick-and-close-below VWAP ($78,557.4), but a 5m close is never a valid trigger and no 15-minute candle has closed rejecting or reclaiming VWAP — the last closed 15m (17:30) simply drifted down inside a $100 chop band around VWAP with flat 5m delta (-3.8 BTC), i.e. no reaction quality. Price is also pinned between dPOC $78,751.5 / dVAH $78,836 above and M-Open $78,511.5 / dVAL $78,089 below — mid-range no-trade territory — and this VWAP level was already attempted within the last 30 minutes, so any surviving idea needs a fresh 15m trigger. Missing element: the confirming trigger close.