Lennaert Snyder|10月 30, 2026 09:01
BTC finally took out the weak 79.2K weekend low as we anticipated on since Monday.
Beautiful move, and we've seen a 100% fill of the daily 77.1K imbalance + over 1 billion in longs liquidated.
I'm looking for longs after the trigger in the 77.6K region or after another sweep, but I prefer the 77.6K region as drawn below.
What I notice is a 4H candle with a tiny wick right above the 80.1K W.O.
The idea behind the long is to at least catch a relief bounce with the W.O. as first target.
From a technical perspective I understand the thesis for shorts after the trigger there, but it's risky now that we swept this much SSL.
Next targets for the longs are 82K and 83.7K BSL, with the 87K highs as final draw.
The 82K and 83.7K regions are still valid for hedge-shorts after the trigger.
Finally some good volatility on Bitcoin, we've waited long enough.
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