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BTC/USD Short term outlook

Intraday trend-Bullish

  • BTC/USD is trading near 200 day 4HEMA ($246) and any trend reversal can happen only above that level.

  • On upside major resistance is around $246 (200 day HEMA) and any break above could pave way for next target $253/$ pair's minor support is around $234 and break below will target $225/$220.

Indicators (1 Hour chart)

CCI (50) - Buy

CCI (14) - Buy

CCI (14) - Neutral

Recommendation: Buy BTC/USD around $240 SL $234, Targets $253/$260.

 

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