BTCUSD 15M: Key Supply & Demand Zones Signal Intraday Pullback Setup
Bitcoin (BTCUSD) on the 15-minute timeframe is currently trading near 71,831 after sweeping recent monthly highs near 72,191. With price extended into a key overhead supply zone, a short-term intraday pullback setup is developing toward lower support bands.
Supply Zone (71,990 – 72,191): Primary overhead resistance. The recent rejection at 72,191.64 marks the local high, serving as the invalidation level for short intraday positions.
Immediate Demand (70,778): First downside target and local support band holding near current consolidation.
Key Lower Support Levels: Sequential downside liquidity targets at 70,015.42, 69,281.58, and 69,268.19.
Major Demand Base (67,784 – 68,489): Primary structural demand zone where the initial bullish breakout originated.
Trade Plan: Watch price action around the 71,990 – 72,191 supply zone. Short setups remain favored as long as price holds below 72,191.64, targeting a retracement back toward 70,778 and 70,015.42. A clean 15m candle close above 72,191 invalidates the bearish intraday bias and confirms bullish expansion.
Bitcoin (BTCUSD) on the 15-minute timeframe is currently trading near 71,831 after sweeping recent monthly highs near 72,191. With price extended into a key overhead supply zone, a short-term intraday pullback setup is developing toward lower support bands.
Supply Zone (71,990 – 72,191): Primary overhead resistance. The recent rejection at 72,191.64 marks the local high, serving as the invalidation level for short intraday positions.
Immediate Demand (70,778): First downside target and local support band holding near current consolidation.
Key Lower Support Levels: Sequential downside liquidity targets at 70,015.42, 69,281.58, and 69,268.19.
Major Demand Base (67,784 – 68,489): Primary structural demand zone where the initial bullish breakout originated.
Trade Plan: Watch price action around the 71,990 – 72,191 supply zone. Short setups remain favored as long as price holds below 72,191.64, targeting a retracement back toward 70,778 and 70,015.42. A clean 15m candle close above 72,191 invalidates the bearish intraday bias and confirms bullish expansion.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.