Passe — pas de trade

This book already holds an open short, so only a long may be recorded — and there is no clean long trigger. The only confirmed event is a 15m close (19:45–20:00) that wicked above pdVAH $84,246 and closed back below it, which is a bearish rejection at pdVAH, not a long signal. Corroboration is also against a long: CCV bias short with acceptance activated, 4h CVD confirming down, price below daily VWAP $85,840 and below D-Open $84,806, and the 4h just closed down hard from $87,207. Delta 5m is flat (+4.9 BTC) on near-zero volume — a poor reaction with no buy response to justify fading the downside.