FxWirePro: BTC/USD consolidates in narrow range, good to sell on rallies

BTC/USD has made a low of $211 and recovered till $235 from that level. Short term trend is bearish as long as resistance $235 holds.

•  The minor resistance is around $235 and break above will take the pair to next target $248/$257.
   
• The pair's minor support is around $211 and any break below will drag the pair further down  till $200/$193.

Indicator (Daily chart)

CCI (50) -Sell

Ichimoku- Sell

We prefer to sell on rallies around $225 with stop around $235 for the target of $211/$200..