Lennaert Snyder|Aug 14, 2026 08:10
BTC shows bearish momentum this Friday.
Given that DXY is weak, and Bitcoin is dumping too, tells a lot about the current weakness.
We broke below the 63.9K momentum line, and stabbing the 62.8K PDL could complement that.
I didn't get my long trigger at 63K, and I'm not eager to long here on Friday.
Our shorts from 65.5K are printing very nicely, and hopefully we can finally take out those equals at the 62.3K PWL.
If we lose the 62.8K PDL today and leave the 63.4K region untapped, I might look for one last scalp-short there.
My short positions are well in profit and BE, so a final scalp to squeeze the last pips out of this weekly candle makes sense.
It's Friday so I'm not scaling bigger positions here due to weekend PA that could get pumpy.
Good week overall, GG everyone.(Lennaert Snyder)
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