BTC: Trader Adds to $139M Short Below 76K

BTC slipped below 76000 as trader Jason60704294 added to a 1830.724 BTC short worth 139 million dollars opened at 76397.56, flipping from 800000 dollar profit to nearly 2 million dollar loss on the position.

Price action on the 4h chart places BTC inside Bollinger Bands with upper resistance at 80937.67 while the EMA50 at 70698.9 serves as primary support and EMA200 at 66191.73 anchors the longer-term bullish structure; RSI at 66.85 remains neutral yet MACD death cross at 2529.6 signals fading momentum, suggesting a probable retracement toward the 50-EMA before any sustained continuation.