Passe — pas de trade

The gate fired on the developing POC ($75,691.5), but STATE shows this same dev_poc level was already attempted within the last 30 minutes and no fresh 15m trigger supports it: the last CLOSED 15m (19:15) closed DOWN through dPOC/dVAL/VWAP/D-Open, while the only reclaim is a 5m wick-and-close — a 5m close can never be the named trigger. Price is chopping right at fair value (dPOC/VWAP within $60 of spot), which is the POC-chop 50/50 no-trade zone, and the signals conflict: bullish CVD/5m delta divergence against a 15m close below value and a sharply down prior day. No confirming 15m close, no clean level location — pass.