Passe — pas de trade

The only trigger is a 15m close marginally below pwVAH ($78,830.0 vs $78,838.0) — an 8-dollar break with no meaningful rejection body, printed on a day that is strongly trending up (day open $76,748.8, price +2.01%, 4h CVD confirming_up, negative funding, fresh day high $79,557.7 just made). A short here would be fading momentum right back into rising VWAP/dVAH support with only a whisper of a level loss, and the 5m delta (-9.6 BTC) is trivial participation — a poor reaction. Corroboration is missing, so no clean short exists; and a long is barred by the open long on this book.