James Wyn: Closes BTC Short, Opens SP500 Position

James Wyn closed its BTC 40x short for roughly $30K profit and immediately opened a fresh 334.42 SP500 50x short on the same perpetuals venue.

Price sits at $60951.26 inside the Bollinger band with upper resistance at $65702.05 and lower support at $60010.97 while the EMA50 at $63295.04 and EMA200 at $67813.96 define the bearish structure. Momentum shows RSI(14) at 35.44 and MACD at -812.28 confirming the death cross, so any test of the upper band should meet selling that aligns with the new index short.