Lennaert Snyder|Sep 29, 2026 08:03
BTC is holding the 82.5K PDL.
I'm still in the long after yesterdays sweep, and Bitcoin is trying to hold that low.
82.5K is being defended, so I'm tightening my long SL beneath the 82.7K low here + taking partials at 84.4K.
The long scenario at the 82.2K region is still valid if we test it, but for now I'm focused on the reactions at the highs.
Lots of liquidations stacked between 84.4K and 85K, if we test this region and defend the 85K PDH + bearish trigger, I'm looking for a hedge-short.
My overall bias is still bullish, but if the setup occurs I'm taking the risk to hedge long-exposure.
My preferred scenario is that we break 85K and move towards 86K to test the extremes of this local range.
I doubt that price can do that in one day though, it's also possible we keep consolidating between 82.8K and 85K today if we don't get a catalyst.
So I'm letting the long run and possible hedge-short as mentioned, no trigger no trade.
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