Intraday trend-Bearish
- BTC/USD has broken short term support $227 and decline till $ term trend is weak as long as resistance $235 holds.
- In 4hours chart CCI (50) has formed bullish divergence and a slight pullback till 225 cannot be ruled out.
- On downside major support is around $213 and any break below could pave way for next target $200/$193.
- The pair's minor resistance is around $235 and break above would extend gains till $245/$259.
Indicators (4 Hour chart)
Woodies CCI (14)- Sell
CCI (50)- Sell
We prefer to Sell BTC/USD around $225 SL $235, Targets $213/$208.
