Lennaert Snyder
Lennaert Snyder|Oct 31, 2026 08:38
BTC had a daily closure above 77.1K. As mentioned yesterday, this is favourable for the bullish thesis since we closed back inside the daily imbalance-range. What is less favourable is that we left equal lows at 76.2K, we all know those often get taken out. So there are two major SSL-pools beneath us at 76.2K and 74.9K. Above us Bitcoin left plenty of BSL, with the first target at 78.8K. Given the current place in the range + longs that have been liquidated, I'm looking for longs next week. Next week is important due to the fact we open a new monthly candle + mid-terms in the U.S. Question now is, can we hold the current low? Or will we see a sweep of those equals or even lower before quality longs occur. If we hold I'll long the continuation, if we get another sweep it's simply waiting for a shift again.
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