Lennaert Snyder|Aug 19, 2026 07:49
BTC rejected the compression range-high again.
As shared yesterday, I executed another short at the 65K high.
If you're also in it I suggest to go BE if possible, if Bitcoin holds the 64K PDL, we could potentially see another sweep.
As long as we trade below the 65.4K PWH we're trading further into the compressed range.
So you can decide for yourselves if it's worth the risk to take potential re-entries if we get retests of the 65K region again.
I'm personally going to stick with this short for now, and if it gets stopped BE I'll monitor carefully.
Best case is that we lose the 64K low and trade back to the range-low.
If price defends the 62.5K range low again, it's getting too squeezed up for me to take high probability trades.
Price found value and buyers and sellers keep agreeing, and due to compression the moves are getting smaller.
These are not ideal conditions, so don't force anything. The market will give enough opportunities.(Lennaert Snyder)
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