Price rejecting after Friday’s blow-out.
Flow wise it’s not that sellers stepped in, more like the one or few buyers that were buying with no regard for price, finally stopped buying. Price is mean reverting here, looking for balance again.
Notice how H4 trend stopped supporting price, and now became resistance over the weekend, after which price flushed for the first time.
A correction to mid-high 80s would be very healthy and the best case scenario for bulls imo. Reset momentum and positioning a bit while making a higher low.
If we yearly open and local lows hold here, we can look for a short setup.
Also note that the highs are pretty bad, a push into +95k might trigger a lot of short stops and give us a quick move above the highs. Be careful with getting or staying bullish there, unless price is slow grinding up above the high, it is very likely just a fake-out.