BTC/USD Short term outlook

• BTC/USD has retreated till $272 after making a high of $299. Overall trend is bullish as long as support $272 (100 day 4HMA) 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/$250.

Indicators (4 Hour chart)

CCI (50) - Buy

CCI (14) - Buy

Ichimoku- Buy

Recommendation: Buy BTC/USD around $280, SL $270, Targets $307/$340.