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.
Edited 24 Aug 2025, 14:54
Disclaimer: The views expressed are solely those of the author and do not represent the official position of Followme. Followme does not take responsibility for the accuracy, completeness, or reliability of the information provided and is not liable for any actions taken based on the content, unless explicitly stated in writing.
-THE END-