Lennaert Snyder
Lennaert Snyder|Oct 15, 2026 08:58
BTC dumped straight to our 80.4K short target. GG if you shorted, I took 70% and set my stoploss to BE, I'd advice to do the same. Bitcoin swept the 80.4K PWL which is important sell-side liquidity, so I'm monitoring the reaction from here. I understand the short continuation at the 83K region, but it's less attractive to me now that we took SSL. But if price retests 83K and sellers clearly take control + trigger I might add a short. My higher probability POI for a short is above BSL at around 85K. Same approach there as with 83K. For longs, I prefer to go sub 80.1K and watch for reversals after. Lots of liquidity beneath that 80.1K low, but we don't know how deep it may go when we go below. I estimate between 77K/80K. I have an alert on that low and will monitor PA when we go below to catch the potential reversal when it occurs. I will TP the runner on the short too when we go below 80.1K.
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