- BTC/USD has retreated after making high of $291. It is trading within the channel for the past three trading session.
- The pair's minor channel support is around $278 and any break below could pave way for next target $257 (200 day 4HMA).
- It is facing short term resistance around $302 and any break above could pave the way for next target $342 (61.8% retracement of $162.68 and $454).
Indicators (4 Hour chart)
CCI (50) - Sell
CCI (14) - Sell
Ichimoku- Sell
Recommendation: Sell BTC/USD around $290, SL $302, Targets $278/$259.
