Passe — pas de trade

The gate fired on a 5m wick-and-close-back below pdVAH ($78,803) — but a 5m close can never be the named trigger, and the last CLOSED 15m candle (01:15 UTC, C $78,696.1) neither rejected nor closed through pdVAH; it sits entirely inside the day's balance. So there is no 15-minute trigger at the level. Reaction quality also argues against it: volume into the poke was negligible (0.4 BTC), Delta 5m is flat (+1 BTC), OI is flat (-0.11%), and price is grinding up from the D-Open above VWAP — a poor reaction with no order-flow response is itself sufficient reason to pass.