Lennaert Snyder|Nov 11, 2026 08:28
BTC closes yesterdays daily candle above the 73.5K PWL.
As planned since the beginning of the week, I went long when we flipped the 1H 73.6K bearish imbalance after sweeping the PWL.
If this is indeed a purge of the PWL, we don't want to see Bitcoin displace beneath the 73.5K low again.
Meaning, if we lose the current 73.6K imbalance and 73.5K PWL with speed, shorts are back on the table since the local trend remains down.
If we see retests in the 73.6K region but price refuses to close below the imbalance, long-scalps could be interesting.
The larger downtrend for me remains in-play until we displace above 81.1K.
My higher short-POI's are the same as shared earlier this week, but right now I'm focused on what we do here.
Already derisked the long a bit and adjusted my SL because it's not the cleanest delivery for a PWL purge.
Remember it's U.S. bank holiday today, so approach the NY-session accordingly.
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