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.
