Passe — pas de trade

The trigger is a 15m close through dPOC ($76,384.5) to the downside, but it is a thrust close with no retest: price at $76,290 is the extension below the level, not a return to it — entering here is chasing. Reaction quality is also poor: volume on the break was 2.4 BTC in a dead late-session tape, 5m delta is flat (-2.6 BTC/30m) with no aggressive seller response, and dPOC/VWAP sit only ~$100-175 away, so honest structural targets (dVAL $76,180, D-Open $76,095.8) do not clear 2:1 against a stop above the trigger high. No trade.