Lookonchain: Bear Shorts 300 BTC at 40x After Losses

Lookonchain reports a trader who lost $4.56M shorting BTC and ETH 14 times over five days has now opened a 40x short on 300 BTC worth $23.13M from wallet 0x004edcd40360e293e4cf260d2ebdf8c7076c1bb8.

With BTC trading at $76928.39 inside the Bollinger Bands, price tests upper resistance at $78662.67 while RSI at 64.89 stays neutral, pointing to a likely retracement toward EMA50 support at $72090.3 before any further upside despite the MACD death cross at 1826.43; this setup shapes near-term BTC price prediction amid crypto market crash fears and AI industry impact on risk sentiment.