Two Paths to $7.7k

Two Paths to $7.7k
BTCUSD Perpetual Contract BYBIT:BTCUSD
D-Pad

Hello again. I've been in and out of short positions since $9,550. Currently, I'm looking to buy back half of my position at the $7,500-$7,700 level, and taking profit at $7,200. There are two scenarios that make the most sense to me in the short term. Either a small break up from this falling wedge , or the wedge is invalid entirely and we take the escalator (if not the elevator) down.

With that being said, I wouldn't be the least bit surprised by a break up to $9,100 either. My stop loss is at $8,500 just in case.