ble Pullback

BTCUSD closed last week with strong upside momentum, breaking through intraday resistance levels on Friday. However, the current session shows signs of exhaustion as price faces rejection within a defined M15 supply zone.

This rejection indicates that short-term buyers may be losing strength, giving room for sellers to step in and push price lower. On a micro-structure level, this aligns with the typical post-impulse correction phase where markets retrace to test demand zones or re-balance liquidity.

Key Observations:

Strong bullish drive on Friday signals that the broader bias remains upward.

Current rejection from M15 supply suggests profit-taking and short-term bearish pressure.

If supply holds, price may correct toward lower demand zones before buyers attempt another leg higher.

Momentum shift on smaller timeframes (M5/M15) will provide confirmation of short-term downside continuation.

Outlook Summary:

While the medium-term trend remains bullish, the immediate price action favors a short-term pullback to the downside as BTCUSD reacts to intraday supply. Traders should monitor how price behaves around nearby demand zones to gauge whether the pullback evolves into a deeper correction or simply provides a dip-buying opportunity.

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