Lennaert Snyder|May 12, 2026 07:32
BTC is compressing at a make or break point.
Yesterday, and today so far, Bitcoin is trading between the PDH's and PDL's.
These are signs of indecision in the market, and often form a compression range.
Happens a lot at make or break area's like this, so for trades I'm looking at a few scenario's here.
I'm not forcing trades within the compression, if I trade within, it will be scalp only.
For the better setups I look at the boundaries, for example the sweep of the ~$82,380 PDH.
If price weeps ~$82,380 and rejects the previous weekly high, I'll look for short triggers.
If we lose the ~$80,457 PDL, I'll wait until price arrives in my long POI and maybe scale a scalp-short towards the POI if we get a nice retest.
~$79,000 is still a long POI, so I'll look for long-triggers there.
Losing ~$78,000 opens the door to more R to the downside as mentioned yesterday, so looking for short-continuations when that happens.(Lennaert Snyder)
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