Lennaert Snyder|Oct 24, 2026 11:01
BTC on the weekly is showing signs of a corrective move to the downside.
You can see that last two weeks closed within the 81.8K imbalance.
This weekly candle is not done yet, but it looks like it'll print a body close below it, which is weak compared to the last two weeks.
Don't get me wrong though, I'm very bullish on Bitcoin, and a pullback would actually be healthy and strengthen the thesis for the bulls.
The 79.8K and 74.9K lows are both very interesting to monitor going into the next week and month.
There's plenty of untapped liquidity below those lows, and both could deliver very nice swing-long opportunities.
If we hold 79.8K next week and reprice back above the 81.9K imbalance with strength, bullish continuation is likely.
But if we don't, both these levels are worth to keep an eye on.
As mentioned in my previous post, I'm only in the 85K short at the moment.
So it would be nice to get some nice setups for long-exposure going into the next weeks.
Either way things will get interesting here.
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