Trader Shorts 2448 BTC at $79K

Renowned trader @Jason60704294 just shorted 2448.2 BTC at $79,903.19, a massive position worth $195 million, and he's already floating $2.463 million in profits as BTC dips—this marks his first short in recent months, stirring buzz in the crypto market amid talks of a potential crypto market crash. The move follows his recent closure of other positions, including a long at $75,731.7 that never triggered, leaving traders eyeing BTC price prediction for the next leg down while weaving in hype around trending plays like TAO and RAVE.

Zooming into the 4h chart, BTC trades at $78,991.35 inside a bullish structure where the EMA50 at $77,788.35 acts as immediate support and the EMA200 at $74,802.6 reinforces longer-term floors—yet with MACD flashing a bullish golden cross at 570.92 and RSI neutral at 56.61, price pushes against the upper Bollinger band resistance of $79,883.37, signaling potential exhaustion; I'd watch for a pullback to that EMA50 confluence before bulls reload, especially if volatility squeezes toward the lower band at $77,168.19 amid broader crypto market crash risks.