Bitcoin Triangle Pattern Suggests Wait for Retest Before Uptrend

Bitcoin is currently sitting inside a very attractive triangle pattern. Exiting the triangle downward at this moment would be technically unwise. The plan involves inducing at least one or two more rounds of short selling through retests of the ATX, ideally with a false breakout, but not too high, around 113-115 USD, to prevent initial long traders from entering at the anticipated level of 120-125 USD. The 4-hour RSI has recovered well from oversold conditions, and a CMO divergence has been observed. Therefore, the expectation is for a retest of the upper boundary, at which point, further considerations will be made.