Bitcoin: James Wynn Flips to 30x Long Position
Bitcoin trader James Wynn closed $103K short for $1.5K loss then opened 30x long on $147K at $78,852.55 with $77,243.53 liquidation.
SourceAnalysis
James Wynn closed his 1.33 BTC short position at a $1.5K loss before opening a 30x long on 1.86 BTC worth $147K with liquidation at $77,243.53. BTC currently trades at $78,852.55 inside the Bollinger band between $77,207.95 support and $79,152.23 resistance while EMA50 at $77,567.02 and EMA200 at $71,288.17 anchor the bullish structure. With MACD confirming a golden cross at 90.21 and RSI neutral at 54.98, price action points to a probable test of upper band resistance before any pullback to the 50-EMA in ongoing BTC price prediction models and Bitcoin derivatives leverage flows.
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