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BTC/USD struggles to close above $300, decline till $258 is possible

  • BTC/USD has made a high of $310 and retreated from that level. Overall trend is weak as long  as support $295 holds

  •  The minor support is around $286 and break below will drag the pair further down till $270/$254.

  • The pair's major resistance is around $310 and any break above would extend gains till $332/$357.

  • The minor resistance is around $295 and break above targets $304/$310.

 Indicator (4 Hour chart)

CCI (50) -Buy

Ichimoku- Sell

We prefer to go sell around $285 with stop around $296 for the target of $270/$258.

 

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