BTC/USD Short term outlook

Intraday trend-Bearish

• BTC/USD has retreated till $235 after making a high of $259 this confirms short term weakness a decline till $225 cannot be ruled out.
  
  
• On downside major support is around $225 and any break below could pave way for next target $213/$208.
  
  
• The pair's minor resistance is around $240 and break above would extend gains till $248/$256.

 Indicators (4 Hour chart)

CCI (50) - Sell

CCI (14) - Buy

CCI (14) - Sell

Recommendation: Sell BTC/USD around $240 SL $250, Targets $225/$214.