Passe — pas de trade

The only trigger is a 15m close marginally below the developing POC ($77,490.5 → close $77,460.1) — a $30 break in a dead, 7-BTC-volume candle, which is noise, not a rejection: price is still above VWAP ($77,381.5), inside the developing value area, and the broader read (CVD confirming up, OI +1.98% healthy uptrend, 4H closed up strongly off $76,282.8) contradicts a short. Reaction quality at the level is poor — flat 5m delta (-2.6 BTC) and negligible volume — and the dPOC is mid-range fair value, the no-trade zone of the profile, so there is no corroborated directional edge here in either direction.