Lennaert Snyder
Lennaert Snyder|Jul 18, 2026 09:03
BTC is building tons of liquidity on both sides of the range. We have been ranging here for a while now, and setting a bias/direction for yourself can be confusing. We see Bitcoin is building liquidity above the 65.6K high, and that we left plenty above 68.1K. What we also see are these lows to the downside that build-up liquidity beneath them, screaming to get swept. So what do I do when I see legit targets to the up- and downside? I wait. I wait and set my POI's, and when the reaction is good after tapping it, I'll simply execute per my system. Those lows to the downside look good to take out, so I want to see sellers trapped and then a selloff as drawn in the chart. Both the 65K and 65.6K highs are legit POI's for shorts. 68K also looks good as a potential long target, but before I do that I want to see early longs get liquidated to then execute. 60.5K and the 58.8K monthly open area are both legit, so watching the reaction there too. As a trader I always force myself to look at both ways in these market conditions, with respect to the overall downtrend.(Lennaert Snyder)
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