Lennaert Snyder|8月 06, 2026 15:11
BTC nice trap-dump after NY open.
I'm sure that little dump induced sellers, making the scenario of stabbing these highs even more interesting for shorts.
If Bitcoin squeezes higher to then dump, I'm taking profit at 63K but not taking the hedge-long anymore.
In the end, 68.1K is where liquidity has been building, and this is still the HTF target.
For intraday shorts I'm looking at taking out the local daily highs, and higher sweeps around 65.5K.
Only shorting after the trigger since there's lots of liquidity stacked above those highs until 68.1K.
If price does pump all the way past 67K, all my shorts are simply stopped BE after they capitalised nicely in the previous week.
No longs for me yet, maybe tomorrow when the chart allows it.(Lennaert Snyder)
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