Passe — pas de trade

The gate fired on a 15m wick-below/close-above the dPOC/pwH cluster at ~$80,417, but this is a mid-range location, not a strong support: price is sitting inside the developing value area (dVAL $80,173 / dPOC $80,417 / dVAH $80,534) right at fair value, which the method says is a 50/50 no-trade zone. Corroboration also contradicts a long — 4h CVD confirming_down, 5m delta flat (+19.7 BTC, no buy response at the level), price below daily VWAP $80,534 and below the day open $81,200 after a hard 4h close down from $81,273 to $80,429. A poor reaction with no delta response at a POC-chop location is a pass, and only a long may be recorded on this book.