Lennaert Snyder
Lennaert Snyder|Oct 22, 2026 08:22
BTC dropped from the 85K region and flushed longs during Asia. We've been eyeing that 85K region for a while, and Bitcoin had a beautiful reaction after a pin-point sweep. GG if you took the short, I'd suggest you take your profits and go BE, but I guess you already did because the trade fully played out. The pump towards 85K pulled in a lot of leveraged longs, so a flush to take those out is a normal reaction. It may look scary, but now that we have flushed all that OI, I find longs interesting here. The highs at 85K we left behind look messy/weak, I'm not surprised if we get another retest in that region. For longs, I'm eyeing the 81.6K region for trades after the trigger. We're even allowed to sweep lower, I'll simply wait for long-triggers too if that happens. We saw a big dump in Asia, so I'm expecting a quiet London with a possible rotation or further sweep in NY. U.S. unemployment claims are being released at 08:30 NY time, so probably no positions until after the news.
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