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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.

 

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