Lennaert Snyder|Jul 29, 2026 08:00
BTC pumps from our long-POI.
Yesterdays scenario is playing out nicely, if you took the long I suggest you TP and set your stop to BE.
As I explained, this long is short-lived because I approach it as a short-term bounce within the downtrend.
For trades on Bitcoin today I'm looking at two short scenario's.
The first POI is that we test around 65K and get a rejection there, I'm looking to execute after the trigger there.
The second one is that we sweep the liquidity above the 65.8K highs that's been building for quite a while now.
If we sweep those highs, I'm monitoring again for potential triggers to short it back to the downside.
I recommend to leave a % open from the long so it can be a hedge against the short exposure.
FOMC today and everything's looking quite bullish, would be a classic move to get a dump after the news is released.
Interesting day ahead, let's see what FOMC brings.(Lennaert Snyder)
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