Bullish on Bitcoin, go long here at 72400.

It's fine to go long at 72400, just set your stop loss at 72270, which is only about $100 away. For take profit, set it at 74,000, and the risk-reward ratio is pretty good. Usually, it won't drop straight down. Once it moves up, it won't fall that quickly. Most likely, it will consolidate here, then test 74,000 again, consolidate, and try to push higher to see if it can go further.