- BTC/USD has broken major resistance $285 and jump till $304 cannot be ruled out of $259. Overall trend is bullish as long as support $268 (55 day EMA) holds.
- It is facing short term resistance around $308 and any break above could pave the way for next target $342 (61.8% retracement of $162.68 and $454).
- Any short term trend reversal can happen only below $ break below will take the pair further down till $259/$ support is around $276.
Indicators (4 Hour chart)
CCI (50) - Buy
CCI (14) - Buy
Ichimoku- Buy
Recommendation: Buy BTC/USD around $285, SL $275, Targets $304/$340.
