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BTC/USD has made a high of $296 and started to decline from that level. Short term trend is bearish as long as resistance $300 holds.
- The pair's minor support is around $277 and any break below will drag the pair further down till $269/$258.
- On the higher side any break above $300 will take the pair till $310/$317.
Indicator (Daily chart)
CCI (50) -Buy
Ichimoku- Buy
We prefer to sell on rallies around $290-92 with SL at $300 for the TP of $277/$268.
