Passe — pas de trade

The only trigger on the tape is a 15m close ABOVE pdVAH $84,682 (bullish reclaim), and STATE already shows an open long on this book — a same-direction trade is a pass. There is no short trigger: no rejection close back below pdVAH, no lower-timeframe structure break, and CVD bearish divergence alone is never a trigger. Volume into this push is minimal (3.2 BTC on the trigger candle, 5m delta flat at -1.1 BTC) — a poor reaction, so even the long would not merit compounding here.