Passe — pas de trade

The gate fired on a 5-minute close back below the developing POC ($78,751.5), but a 5m close is never a valid trigger on this book — the most recent CLOSED 15m candle (18:15 UTC) closed UP at $78,673.9, i.e. no 15-minute close through or rejecting the dPOC has printed. Structure is also unclear: price is chopping between VWAP $78,557.6 and dPOC/dVAH $78,751.5/$78,832.0 after a sharp flush to $77,576.9 and equally sharp recovery, so there is no established trend for a continuation and no swept-and-reclaimed defined level for a reversal. With 5m delta confirming up against a bearish 4h CVD, the read is contradictory — no trigger, no corroboration, pass.