BTC pullback remains to be a minor one so far. Levels to watch.

We need to see how this week closes but this pullback looks healthy so far if you're a bull. Most major trend reversals don't happen drastically as market tends to go into some kind of trading range first before deciding on the next move (higher or lower). I think the next weekly bar is key here and I think we should see a small leg up (in the weekly chart at least) before we see a break lower or higher. It will be a surprise to me if we see the next bars continue lower immediately considering how strong the preceding bull trend was.

Watching 16K as support for a near term bull or trading range scenario.

Let's wait and see.