Passe — pas de trade

The 15:00 15m candle did wick above pdL $80,768.1 and close back below it ($80,690.0) — a technical rejection at the prior-day low from beneath — but the corroboration is against the short: CVD is confirming_up, 5m taker delta is positive (+10 BTC), OI is falling (short-covering, -1.19% on 4h) and price has been making higher lows off the $80,062 day low all session, so this is a grind up into pdL, not a failed auction with trapped longs. Reaction quality is also poor — the whole push happened on ~26 BTC of volume. With flow and structure fading the short and no bullish trigger yet (a 15m close accepted back ABOVE pdL has not printed), the confluence leg is missing and I stand aside.