Passe — pas de trade

The gate fired on a 5m wick-and-reclaim of daily VWAP ($83,230.3), but a 5m close is never a valid trigger on this book — the only 15m close available (14:00 UTC, O $83,577.2 / C $83,336.5) closed DOWN through pwVAL $83,388.0 and dPOC $83,420.5, i.e. the named-timeframe evidence points bearish while the gate level points long. So the level-reaction long has no 15m confirming close, and the bearish 15m close is contradicted by corroboration (CVD confirming_up, F&G 74 Greed, OI falling = short-covering only) plus a flat 5m delta (Σ -4 BTC) showing no order-flow response at VWAP. Reaction quality is poor and the read is conflicted — no trade.