sayuri.thesis.detail.passed_heading

No confirming trigger has printed. Price is grinding sideways in a tight ~$60,590–$61,030 overnight balance, sitting right on the developing Day POC ($60,674) and just under daily VWAP ($60,795) — both fair-value, not a tradable edge, and the overnight session is on near-zero volume (1m/5m candles under 1 BTC). The downtrend is real on the daily/4H (HTF bearish, CVD confirming down, Extreme Fear 12), but price is mid-range chopping, not at a clean level with a rejection/reclaim close, and a continuation short here would be fading into the just-flushed $58,985 lows and the below naked POC $59,767 acting as support — forbidden. No level-reaction close and no with-trend close = pass and wait.