Lennaert Snyder|Aug 11, 2026 14:31
BTC NY-session gave a little pump and dump.
Bitcoin is still consolidating between the two key levels at 65.4K & 63.9K.
I'm still waiting on some sort of directional move before even considering a trade.
Open interest showed this tiny pump happened because of shorts closing, and this shows that the market is short here.
Not a lot of buying strength to be found yet, and a move to the downside makes more sense if you ask me.
Intraday target remains the 63.3K low, but then again it's pre-CPI and we all know BTC has a will on its own.
Probably no real follow through until after CPI tomorrow.
Trading plan the same as shared this morning.(Lennaert Snyder)
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