Lennaert Snyder
Lennaert Snyder|11月 12, 2026 09:15
BTC tapped 74.8K and repriced back into the 73.4K level. The long after the 73.5K retest as shared yesterday was a nice scalp, GG if you took it. Scalps were legit, but for quality intraday trades we need better conditions than this. We're currently seeing price distortion on Bitcoin around the 73.4K PWL. Overall this local range shows messy delivery and lots of chop. With everything that happened around NVDA after hours yesterday could trigger a volatile reaction at stock open today. Therefore I'm not positioning until after 09:30 open, I need clarity of how markets will be repriced. Trading plans are still the same, if we lose the PWL with speed and aggression I'll try to scale a continuation short towards new lows. If the bearish scenario happens, I'll simply look to long potential relief bounces after the correction again. If price on the other hand defends the 73.4K PWL and only wicks below but closes back above strongly, longs after the trigger are valid. First barrier for longs is the 74.2K region, after that I'm targeting 74.7K and 76.2K as final target. Again, I'm being cautious due to the bearish pressure from NVDA.
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