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.


FxWirePro- Major Crypto levels and bias summary
FxWirePro: EUR/AUD gaining momentum for a move towards 1.6800 level
FxWirePro: AUD/USD gains some ground but remains sensitive to Middle East tensions
Bitcoin Recovers Amid Easing Geopolitics: Bulls Target USD 80,000 Support Rebound
Ethereum in Consolidation: ETH Trapped in Narrow Range as Bulls Await the USD 2,000 "Buy the Dip" Opportunity
FxWirePro: GBP/USD recovers but bears are not done yet again
FxWirePro- Major Crypto levels and bias summary
FxWirePro- Major Crypto levels and bias summary
Euro Bulls Charge Past 1.1600: Broad Dollar Sell-Off Ignites Powerful EURUSD Rally
FxWirePro: EUR/ NZD loses momentum but outlook is bullish 



