Lennaert Snyder
Lennaert Snyder|Oct 28, 2026 08:31
BTC is preparing for the FOMC release today. We're currently seeing a small leg to the upside on Bitcoin, leaving the 79.2K weekend low unswept. The previous FOMC, we had a similar range with messy lows, but we actually held the lows and printed a big leg up after the release. The only difference is that is a weekend low, and the previous one was a strong Tuesday low. So this is an interesting pre-FOMC structure we have, question is if we will hold the 79.2K PWL this time. A 4H imbalance got created around the 80.1K W.O., this could hold if BTC decides to leave the lows intact. I prefer to sweep the lows so we can mitigate more SSL before repricing to the upside. But we can't predict, so I'll wait patiently and execute after the market shows its hands. For shorts, the POI's and plans remain the same as shared yesterday. If we get a pump after FOMC I'm being cautious on the shorts though, the trend is up so after triggers only. First long-target is 82K BSL, with 85K and 87K next in line. Let's see what happens after the news is released.
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