Passe — pas de trade

The fired trigger is a 15m rejection close below pdEQ $85,861.3 — a valid short-side level-reaction shape, but the corroboration is not there: Delta 5m shows a bullish divergence (+57.6 BTC over 30m while price grinds to the day's low), the day low $85,655 / dVAL region sits only ~$100 below entry so a short would be fading momentum straight into fresh support, and open interest is rising into the low (trapped shorts risk) with funding neutral at +0.010%. Structurally the honest T2 (pdVAL $85,617 / dLow $85,655) against a stop above $85,975 leaves well under 1:1, so the short does not exist at this price. No long trigger has printed either — the last 15m closed down and the day low has not been swept and reclaimed.