Passe — pas de trade

The only trigger is a 15m close marginally below the developing POC/VWAP ($78,729.5 / $78,714.1) on almost no volume — a mid-profile location, not an extreme, and the method forbids new positions off the POC (fair value, no-trade zone). Corroboration also contradicts a short: CVD is confirming_up, 5m delta is a bullish divergence (+10 BTC), funding is mildly positive and price is holding above the day open and inside the developing value area. No level-reaction at a Tier-1 level, no established trend to join (chop between dVAL $78,633 and dVAH $78,820), so there is no clean setup.