Passe — pas de trade

The only trigger is a 0.7-dollar wick below the developing dVAL ($77,148.0) on the 05:00 15m candle — a micro-sweep of a developing, in-flight value edge inside an extremely tight ~$185 overnight range (dLow 77,100 to dHigh 77,285), not an obvious, stop-rich pre-existing level. Reaction quality is poor: the whole candle traded 4.3 BTC, Delta 5m is flat (-0.2 BTC), 4h CVD is confirming_down and OI is in a 4h downtrend — flow does not corroborate the long, and there is no established trend to join. Any honest T2 (pdEQ/D-Open ~77,231 or dHigh 77,285) against a stop below 77,100 fails the 2:1 floor, so there is no trade here.