Passe — pas de trade

The only trigger is a 15m candle (08:45 UTC) that opened $0.50 above the developing POC and closed $42 below it — a nominal, near-zero-range close through a mid-range level on 10 BTC of volume, which is POC chop, not a reaction. I may only record a short here (open long on this book), but a short is contradicted on every corroborating axis: CCV bias is long_bias with acceptance activated, funding is mildly negative, 5m delta is flat (+2.6 BTC, no seller response), OI is flat, and price is above daily VWAP $77,018 with a clean series of higher lows off the $76,478 day low. Poor reaction quality at a mid-range level plus a counter-bias direction = pass.