Passe — pas de trade

Only a short may be recorded on this book, and the short case here is weak: the 15m at 16:15 closed UP at $81,117.7 after a wick above D-Open/pdVAL — that is a single wick-back, not a confirmed rejection of a level price is approaching from below with momentum, and the flow contradicts it (CVD confirming_up, 5m delta +8.2 BTC confirming_up, funding mildly positive, price grinding higher off dVWAP/dPOC all session). Shorting into a rising 1m/5m/15m structure with buy-side delta is fading momentum without corroboration; the confluence for the short is missing, so I pass.