On the Bitcoin daily chart, we can see that the instrument is in the triangle between 3150 and 4000. A daily close above the 4000 is required for the upside triangle breakout and a test of 5000. A daily close below the 3150 is required for the downside continuation.
Note: wait for a daily close above/below these levels for the direction and a long/short trades. Rejection from 4000 in the near-term will give you a selling opportunity in anticipation of the downside continuation
