Lennaert Snyder|Oct 05, 2026 15:35
BTC NY session gave us clear message.
After the 09:30 open we pumped upwards and swept some highs, to then distribute to the downside.
This means the 87.2K PWH is being rejected, which could lead to further downside the rest of the week.
I wanted to take the PWH first, but with this new data I might try a scalp-short to at least taking weekend liquidity.
With the PWH rejecting, the 82.5K PWL becomes an easier target, so leaving a runner open until that point.
82.5K is my final DOL for shorts because the 82.2K region is my HTF long-POI.
Bitcoin is still ranging, so I'm trading it accordingly until invalidated.
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