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BTC/USD has recovered till $356 after making a low of $294. It is currently trading around $320. Short term trend is still bearish as long as resistance $370 holds.
- On the downside major support is around $300 and break below targets $270/$256.
- Any break above major resistance $350 will take the pair to new level $370/$400.
- Overall bullish invalidation only above $400 level.
It is good to sell on rallies around $350 with SL around $370 for the TP of $270/$256.
