Passe — pas de trade

The gate fired on a 5m wick-and-close-back below pdVAH $84,840, but the named trigger must be a 15-minute close and the only closed 15m candle (00:00 UTC, C $84,374.8) printed before this thrust — the current 15m candle containing the sweep of pdVAH/dVAH is still FORMING, so no confirming 15m rejection close exists yet. Corroboration is also mixed: 5m delta is confirming_up (+18.3 BTC) into the high and Fear & Greed 74 argues against fading, while 4h CVD reads down — a conflicted read at a level only $100 above daily VWAP. No trigger, no trade.