Passe — pas de trade

The 15m 04:00 candle closed below dPOC $81,290.5 and below VWAP $81,387.4 — a downside trigger — but a close THROUGH a level is confirmation, not an entry, and price at $81,278.4 is still below the broken dPOC with no retest back into it; entering here is the extension, not the retest. Corroboration is also mixed: CVD confirming_down and CCV short_bias favour the short, but 5m taker delta is a bullish divergence (+29.5 BTC) fading the new low and OI is falling (short-covering backdrop), a poor reaction at the level. Waiting for a clean retest of dPOC/VWAP before committing.