Passe — pas de trade

The 15m candle closing 12:15 did close below VWAP ($76,989), pwVAL ($76,970) and dVAL ($76,889) — structurally a bearish rejection — but the read is contradicted, not corroborated: CCV bias reads long_bias, 5m taker delta is flat/slightly positive (+15.7 BTC) with no downside response, open interest is a weakening downtrend (-0.39% 4h, -1.07% 24h, shorts covering rather than new sellers), and funding is neutral. That is a poor reaction at the level, and price is sitting only ~$100 above the pdL/W-Low cluster ($76,389/$76,478 day low) — shorting into that support is fading momentum into a strong level, which the method forbids. A long here is equally unsupported: no reclaim close back above dVAL/VWAP has printed. Missing piece: corroboration and reaction quality.