Passe — pas de trade

The fired trigger is a 15m rejection of the developing dPOC ($81,119.5) — but that is a minor intraday level in the middle of a strong, freshly-established uptrend (day +5.68%, 4H closing up at the highs, day high $81,354.7 printed an hour ago), so a short here is fading momentum against the dominant trend with no confirmed LTF structure break (no lower low AND lower high). The "rejection" is also a poor reaction: tiny excursion above the POC on thin volume, delta only marginally negative (-46.5 BTC/30m) and OI still building with the uptrend — no evidence of trapped longs. Since only a short may be recorded on this book, and the only available short lacks both corroboration and quality of reaction, I pass.