Passe — pas de trade

The 15m candle closing 07:45 did close below pwVAH ($85,751) and below daily VWAP ($85,861.8) — a valid short-side trigger with CCV short bias, bearish 4h CVD divergence and confirming_down 5m delta. But price has already snapped back to $85,777, i.e. back ABOVE the broken pwVAH, so there is no retest to enter: the trigger is not holding below the level, and entering here is not the retest of a confirmed break but a fade inside a one-hour balance. Reaction quality is also poor — the breakdown came on only ~21 BTC of 15m volume against rising OI in a 24h +2.7% up-leg, so I decline rather than wait.