Lennaert Snyder|Jun 08, 2026 07:47
BTC fresh start of a new week.
Previous weekly candle closed very bearish, and left an imbalance at 72.5K.
As long as we hold the 59.1K previous weekly low, my final long target for this week is that 72.5K imbalance.
Another important resistance level is the 50% weekly body at 68.4K.
We're still in a HTF downtrend, and the weekly imbalance + 50% body are both quality short POI's.
All liquidity grabs/retests above the previous weekly low could be interesting for long intraday trades and scalps.
Losing the previous weekly low is a strong bearish confluence for me, and I'll look for short continuations more aggressively.
On the daily we have an untapped imbalance at 61.5K, this is also a long POI, but a retest here would be stronger if we take out the 64.2K PDH first.
For today, the best scenario is to take out 64.2K, to then get a retest with the 60.7K PDL as invalidation.
Daily same as the weekly, as long as we hold 60.7K, I'm aiming to at least take out 64.2K.
Good luck this week everyone.(Lennaert Snyder)
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