BTC/USD Short term outlook

• BTC/USD has broken major support $243 (trend line joining $213 and $225) and decline till $208 cannot be ruled out. Overall trend is bearish as long as resistance $255 holds.
  
  
• It is facing short term support around $238 and any break below will drag the pair further down till $225/$208.

Indicators (4 Hour chart)

CCI (50) - Sell

CCI (14) - Sell

Ichimoku- Sell

Recommendation: Sell BTC/USD around $245, SL $255, Targets $225/$208.