Lennaert Snyder|Apr 02, 2026 08:13
BTC dumped after mitigating ~$69,180 liquidity.
We can clearly see that Bitcoin has bearish intentions as it took out buy-side liquidity and dumped.
Todays daily candle rejected the previous daily high and had a big bearish displacement.
For trades today, I'm only looking to add a potential short if we get a bearish reaction in the ~$67,800 imbalance.
Besides the fact price rejected the previous daily high, @BrighterData distance statistics, based on the last 18 months of data, tells us that there's a 7.2% we take out the current daily high.
Therefore, the probability the ~$68,653 high holds is significantly higher.
My target for the short will be the liquidity below ~$65,998.
The rangebound continues.(Lennaert Snyder)
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