Lennaert Snyder|5月 19, 2026 13:33
BTC consolidates within a compressed range.
Not the follow through I was hoping for on Bitcoin today.
Still, I'm not closing my long with my invalidation level beneath the 76K PDL.
Compressed ranges like this at key levels absorb liquidity for the next move.
Longs and late shorts are pulled in at ranges like this, just to fuel the next directional move.
Worst that can happen is that my long gets stopped at -1%, when this happens I'll TP my short-runner to cover it.
Sitting on my hands for now and waiting on the breakout.(Lennaert Snyder)
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