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BTC/USD has recovered till $244 after making a low of $198 and is currently trading at $240. Short term trend is bullish as long as support $230 holds.
- The major resistance is around $245 and break above will take the pair to next target $258/$271.
- The pair's minor support is around $230 and any break below will drag the pair further down till $210/$198.
Indicator (4 hours chart)
CCI (50) -Buy
Ichimoku- Buy
We prefer to buy at dips around $235 with stop around $228 for the target of $258/$271.
