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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..
