BTCUSD 15M Bearish Pullback From Range Resistance Toward 63K

Market Overview:
BTCUSD is trading inside a broader ascending channel, but short-term price action shows rejection from a key horizontal resistance zone around 65,800 – 66,000. The market is currently ranging after a corrective bounce.

Technical Breakdown:

Resistance Zone: 65,800 – 66,000 (strong supply + prior structure)

Entry Area: ~64,630 (range breakdown confirmation)

Stop Loss: Above 65,850 (above resistance + liquidity sweep zone)

Target: 63,000 – 63,100 (channel support + previous demand)

Confluence Factors:

Rejection from range high

Lower high formation on 15M

Price still below short-term dynamic resistance (trend/MA)

Room toward ascending channel support

Bias:
Short-term bearish pullback inside a larger bullish channel.

Invalidation:
Strong close above 65,900 would invalidate the short idea and open upside continuation toward 67K+.