Bitcoin: $323M Shorts Liquidated Amid Surge

Bitcoin shorts absorbed a brutal $323M hit as 0x8c96 lost 1829 BTC worth $120M, pension-usdt.eth saw 49808 ETH worth $111.34M liquidated and 0x8eff dropped another 1343 BTC for $92.56M on Hyperliquid. Price action sits at $71823.23 inside the Bollinger band with upper resistance at $71934.05 while the 4h structure remains bullish on the EMA50 support at $65373.57 and EMA200 at $64333.21, MACD golden cross at 1902.19 and RSI(14) stretched to 88.07 overbought territory. With price testing upper Bollinger resistance at $71934 while RSI flashes overbought at 88.07, a healthy retracement to the 50-EMA support at $65373.57 seems probable before further continuation, tightening BTC price prediction models and Bitcoin liquidation events data for traders watching crypto market analysis into year-end.