Bitcoin: Short Trader Flips Long on 40x Leverage

Bitcoin trader who shorted 2,000 BTC closed the position for a $1.65M profit and immediately flipped to a 40x leveraged long, according to @CryptoKing4Ever.

Price sits at $62832.19 inside the Bollinger Bands with upper resistance at $64305.14 and lower support at $62757.98. The 4h structure remains bearish as price trades below both EMA50 at $63921.86 and EMA200 at $63702.08, while MACD at -350.96 confirms the death cross and RSI at 32.84 shows neutral momentum. Institutional desks note that any sustained push above the upper band could force short-covering toward the EMA50 confluence before the next leg lower, a setup that aligns with recent BTC price prediction models tracking the last six months of range-bound action.