Passe — pas de trade

The trigger is a 15m close back below the developing VAH ($76,030) by all of $12 — a marginal, low-conviction rejection in the middle of a chopped-out intraday balance, not a clean level reaction. Corroboration actively conflicts with the short: 4h CVD is confirming_up, OI is building in a healthy uptrend (+2.65% 4h), the last closed 4H and 1H candles both closed up off the $74,949 day-low sweep, and price is above daily VWAP ($75,763) and the day open ($75,542) — i.e. flow and structure argue the day is rotating higher toward the D-nPOC/pdPOC at $76,854, not lower. Delta 5m is flat (−2 BTC), a poor reaction at the level with no seller response, which on its own is sufficient to pass.