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BTC/USD is facing strong support around $220 and any further weakness only below $220 level. It is currently trading at $224.95. Short term trend is weak as long as resistance $235 holds.
- The major resistance is around $240 and break above will take the pair to next target $250/$258.
- The pair's minor support is around $220 and any break below will drag the pair further down till $210/$198.
Indicator (Daily chart)
CCI (50) -Buy
Ichimoku- Buy
We prefer to buy around $230-32 with SL around $219 for the TP of $250/$258
