Passe — pas de trade

The dVAL ($77,588) break is only a 5m close below it — the named 15m trigger (04:00 close) actually closed ABOVE dVAL and back below pmVAH/dPOC, so there is no confirmed 15m close through the level in either direction; this level was also already attempted within the last 30 minutes. Price is grinding sideways in a tiny $77,540–77,970 overnight coil on ~5 BTC/5m volume with falling open interest — a poor, low-participation reaction that does not justify a trade. No trigger, no reaction quality: pass and wait for a decisive 15m close through dVAL or a reclaim of dPOC/VWAP.