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- BTC/USD has broken minor resistance $250 and jumped till $256 It is currently trading at $254. Short term trend is bullish as long as support $235 holds
- The major resistance is around $258and break above will take the pair to next target $272/$276.
- The pair's minor support is around $245 and any break below will drag the pair further down till $240/$235.
- Bullish invalidation only below $234
Indicator (Daily chart)
CCI (50) -Buy
Ichimoku- Buy
We prefer to buy around $250 with SL around $244 for the TP of $272/$280.
