Lennaert Snyder|Jul 16, 2026 08:19
BTC is tapping an area of interest here.
Yesterday price frontran my target at the 65.6K high, nice move if you shorted the exhaustion early. You should be in and running in profits here.
The rejection from the 65.6K high means there is even more liquidity above it now, so it's still a target for me eventually.
The most bullish move for Bitcoin would be to hold this 63.8K area and continue higher. I'm monitoring for potential longs.
I'm not as eager as yesterday because we came from a rejection of the PDH and lost the previous daily low.
This means the probability of reclaiming the 65.5K PDH today is low.
If we dump lower into the range I'll simply keep monitoring for longs because the 61.3K PWL is likely to hold the rest of the week.
A nice setup could occur at the rangelows around 63K, so enough opportunity.
When it comes to shorts the setup was at 65K, retests are always a possibility to scale and/or hedge.
For now I'm sitting on my hands and wait until I see clear setups occur.(Lennaert Snyder)
Share To
Timeline
HotFlash
APP
X
Telegram
CopyLink