Lennaert Snyder|10月 09, 2026 16:59
BTC tries to push but rejects the first attempt to reclaim the range.
Like I said this morning, Bitcoin probably needs some time to accumulate before it can form a strong reversal.
Price tapped the bottom of the consolidation and close to the 83.6K Y.O.
If we reject this level, the 81.1K region is the last line of defence for this bounce.
If we lose it with volume, the chances are high we're seeing another big drop sub 80K.
If it drops below 80K I'm not adding limits because I don't like catching falling knives.
If the drop comes, I'll simply wait for price to show lower timeframe reversals to long potential triggers.
For now I'm still in the long since 81K, took 10% to cover fees and my stop is at BE.
I enter based on a 1-minute model, so if I get stopped BE and price reverses I'll simply re-enter.
Reclaiming the 83K bottom range with strong acceptance could send us to testing the highs around 86K.
Very interesting what the next move will be here, monitoring closely.
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