Passe — pas de trade

The only trigger on the table is a 15m close marginally BELOW the developing VAH ($84,611.1 vs $84,612.0) — a bearish micro-rejection, and STATE allows only a long on this book, so the trigger points the wrong way. There is no long trigger: price is coiled in a $150 range on near-zero volume, Delta 5m is flat (-7.9 BTC) with no response at the level, and OI is flat — a poor reaction that fails the stricter bar regardless of the CCV long bias.