sayuri.thesis.detail.passed_heading

Price is mid-flush, not at a clean tradeable level with a trigger. The last 30–40 minutes saw a violent vertical drop from ~$61,200 to $57,965 (a ~5% impulsive sell-off on heavy volume — 786 BTC on the 13:45 15m, CVD confirming down), and current price $58,184 is sitting just off the low having printed no reclaim/rejection candle. There is no SFP or failed-auction reclaim (no close back above a swept level), and the week/month VAL ($58,570) and month naked POC below ($57,872.5) sit essentially right at price — so this is a knife mid-flush, not a reaction. A continuation short is forbidden here because price is at/into strong support (week VAL, month naked POC) and freshly flushed; the only valid play would be a level-reaction (reclaim/SFP) which has not triggered. With Extreme Fear (12), funding still slightly positive, and no confirming close, the correct action is to wait for either a reclaim of $58,570 or a clean SFP of the $57,965 low.