BTC/USD has broken major support $248 (200 day MA) and declined till $211. It is currently trading at $232. Short term trend is bearish as long as resistance $247 holds.
- The major resistance is around $248 (200 day MA) and break above will take the pair to next target $258/$270.
- The pair's minor resistance is around $220 and any break above would extend gains till $211/$200.
Indicator (Daily chart)
CCI (50) -Sell
Ichimoku- Sell
We prefer to sell on rallies around $240 with stop around $248 for the target of $220/$211.


Bitcoin Consolidates Near $78K: Will Strong ETF Inflows Trigger a Breakout to $90K?
FxWirePro- Major Crypto levels and bias summary
FxWirePro: USD/ZAR hits three-week high after hot U.S. PPI data
FxWirePro: EUR/AUD scales one-week peak after ECB rate hike
FxWirePro: AUD/USD range bound ahead of key event risks
AUDJPY Suffers as Yen Buying Pressure Mounts; Bearish Outlook Persists
Major Pair Currency Score: EURUSD Extremely Bullish, AUDUSD Bullish, USDCAD Extremely Bearish
JPY Major Currency Score: AUDJPY, EURJPY, CADJPY Extremely Bearish
Market Outlook: Crypto Score Signals Extremely Bullish Structure Across BTC, ETH, SOL, and BNB
FxWirePro: USD/JPY hovers near 7-month low, Outlook strongly bearish 



