Lennaert Snyder|Apr 07, 2026 07:46
BTC is testing the ~$68,200 H4 imbalance.
I'm using the weekly Bitcoin chart in addition to my trading plan from yesterday.
We can see that the ~$69,335 previous weekly high (PWH) got taken out.
So statistically, the probability of holding the ~$65,700 previous weekly low (PWL) is high.
But, we also see that we reject the 50% wick fill of the week before, which is an important level.
Taking the above into account, my bias locally is completely neutral.
Imo, these are very hard market conditions to scale positions and navigate.
We also have increased geopolitical tensions, so I'm trading with a lot of caution here. I'm adjusting my risk personally.
Knowing the probability we hold the PWL is high, it could still mean we'll just continue to see chop for the rest of the week between the current levels.
Therefore, I'm watching the reaction after the potential sweep of ~$72,000 liquidity, or potential high-probability reversals after 100% filling the H4 imbalance.(Lennaert Snyder)
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