Passe — pas de trade

The gate fired on a 5m close below pdVAL ($77,095) — but a 5m close is never a valid trigger on this book, and the only closed 15m candle (14:45) closed UP at $77,151.5, above pdVAL/pdPOC, i.e. it contradicts the short. So there is no confirming 15-minute close through or rejecting the level. Price is also mid-structure between dVAH $77,058 / pdVAL $77,095 / pdPOC $77,133.5 with flat 5m delta (-23 BTC) and CVD confirming up — a poor, unconfirmed reaction in the chop between levels. Missing element: the trigger.