- BTC/USD has made a high $257 and retreats till $240 from that level. Overall trend is bullish as long as support $ 234 holds.
- Bullish invalidation can happen only below $235 level. The minor support is around $240 and break below will drag the pair further down till $232/$225.
- Any break below will take the pair down till $218/$211.
- The pair's major resistance is around $258 and any break above would extend gains till $269.
Indicator (Daily chart)
CCI (50) -Buy
CCI (14) - Buy
Ichimoku- Buy
We prefer to go buy around $243 with stop around $234 for the target of $269.
