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BTC – finally, the price exited the triangle and is now approaching the short OB
I'll be monitoring the price approach
I'm not rushing to enter a short, as the market often behaves this way on Friday:
Strong impulse in one direction —> Liquidity squeeze —> Reversal reaction
Thus, in the evening, the price may not give a reaction right away to the 72500-74050 range, might run higher, take out liquidity above 74050, trade in the upper triangle with spikes up to 75-76k on the weekend, and only then give a downward reaction
At the same time, a local short from 72500-74050 is quite possible if there are good reversal structures. But it's important to quickly move the stop to breakeven, and if the price goes above 74k, look for a re-entry already there