Lennaert Snyder|Aug 04, 2026 14:15
BTC NY-session is pushing against our 64K momentum line.
You can see the battle going on at 64K, and Job openings just pulled red numbers.
Due to the fact the open interest is flat with little spot selling, I want to see a retracement.
If Bitcoin comes to 63K I'm taking some profit on the shorts, lots of liquidity stacked there and could result in a bounce.
You could hedge your shorts with a long around 63K if the reaction is good imo.
If we break and close above 64K from here, I'm not touching it anymore for today.
To reach my final short targets at the 60K region, we need to take out those equal lows at 62.3K first.(Lennaert Snyder)
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