Lennaert Snyder
Lennaert Snyder|5月 29, 2026 08:24
BTC looks ready for a little relief bounce. My overall bias on Bitcoin is obviously short, but from intraday perspective a little bounce here is likely. The 72.5K PDL is being defended so the 74.5K PDH is a logical target for at least a sweep. Lots of buy-side liquidity above us due to the recent dump, so triggering some liquidations there for a potential next leg down is a nice scenario. My POI for shorts is still the same basically, will watch the reaction after the sweep of 74.5K. 75.6K left a daily imbalance, and the zone between 74.5K & 75.6K contains plenty of IRL to mitigate, so watching triggers there. For this week, the most extreme point for shorts is as close as possible to the 78.2K PWH since the PWL is taken. Everything below 78.2K could offer very nice shorts on the retest, so building a swing is something I totally understand. I longed this morning to have some long exposure too in case we get the bounce. All scalp-work since my overall bias is down. Good luck everyone.(Lennaert Snyder)
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