Garrett Jin: Flips to $43M Short on Bitcoin

Garrett Jin closed his long position on BTC for an $8.38M profit before flipping into a 3x short on 500 BTC valued at $43.23M.

Bitcoin trades at $86346.58 inside the Bollinger Bands with upper resistance at $86846.4 while RSI(14) sits at 83.43 overbought and MACD confirms the bullish golden cross above EMA50 support at $80384.7; with price testing upper Bollinger resistance while RSI flashes overbought a healthy retracement to the 50-EMA support at $80384.7 seems probable before further continuation, shaping near-term BTC price prediction amid ongoing crypto market volatility.