Lennaert Snyder
Lennaert Snyder|Nov 09, 2026 09:05
BTC starts CPI-week with a repricing lower towards 73.4K. As mentioned last week, if Bitcoin keeps respecting the 76.2K PML as resistance a push lower is likely. We got that push yesterday, so we have a nice new playing field for this week. As long as we don't displace above 81.2K, a local downtrend is in-play. Locally we almost filled a daily imbalance and took lots of SSL beneath the monthly lows, so a long to catch a relief bounce is valid. A sweep of the current 73.5K PWL would be nice for longs after the trigger towards 76.2K BSL and potentially higher. For shorts I need higher retests, with three POI's as drawn in the chart from aggressive to defensive. The 1st one is another retest of the 76.2K PML, and the 78K + 80K regions are both valid for shorts too. My gameplan for all my POI's is monitor price as we get there, and execute after triggers. Zoomed out it's still looking bullish, but there's plenty of room to the downside if this downward structure holds. We're allowed to go as low as 65K and remain the bullish structure, so it's always trend in trend. CPI tomorrow, so I'm adjusting risk accordingly until after the release.
+6
Mentioned
Share To

Timeline

HotFlash

APP

X

Telegram

Facebook

Reddit

CopyLink

Hot Reads