Lennaert Snyder|Jun 09, 2026 08:04
BTC is trying to hold the 62.4K previous daily low.
At this place in the range, I'm not eager on longs and need higher retests for shorts.
If Bitcoin can hold the 62.4K PDL and gain the 64.2K PDH from here, I'll try to long the continuations by monitoring orderflow.
But the best case for longs is if we test lower levels within the current range.
There's still an untapped daily imbalance and 4H imbalance between 61K and 61.5K. This is a long POI for me and I'll look for entries there.
If we reject the 64.2K PDH, I understand the short thesis and it's valid. Riskier play but could generate good RR towards the lows.
If we sweep buy-side liqudity above 64.2K and show immediate weakness, I'll look for a scalp-short. But the probability of going below 62.4K today would be low.
Still enough buy-side liquidity above us, 68K will be an important target for me if momentum holds.
As long as we hold 59K, the bullish thesis for this week is quite strong imo.(Lennaert Snyder)
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