Lennaert Snyder|10月 14, 2026 14:31
BTC reacts bearish to CPI today.
CPI came in bullish for the dollar, so a dump on Bitcoin is a normal reaction.
I positioned myself short after the 09:30 open at around 82.8K, targeting the SSL at 81.4K and 80.3K.
I understand that it was higher probability if we swept above the 84.3K highs.
But this scenario is exactly what I meant when I stated to not hesitate to react when price tells you different.
The 84K resistance zone has proven itself strong multiple times, and we kept rejecting the W.O. + range POC.
For me that's enough confluence to take the risk, and so I did.
There may be re-entries for the short if we get a bounce from the 82K region on the 4H. I'd take them after your trigger/model occurs when retesting ~83K.
I find longs less attractive at the moment, I prefer to break 84K with strength or going below 80K for quality longs again.
Will keep a runner open on the short because we never know how deep we'll go when losing 80K. Final TP around 77K.
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