FxWirePro: BTC/USD faces resistance at $457, good to buy at dips

• Major resistance -$457 (61.8% retracement of $469.87 and $435)
   
• BTC/USD has retreated after making a low of $456.60.It is currently trading around $446.99.
   
• Short term trend is bullish as long as support $435 holds
   
• The pair’s major support - $435 (21 day MA) and any slight weakness can be seen only below $432.
   
• Any break below $435 will drag the pair down till $420 (55 day EMA)/$385 (200 day EMA).The minor support is around $453(7 day EMA)/$440.
   
• On the higher side resistance is at $457 and any indicative break above targets $470/$504/$550.

It is good to buy at dips around $445 with SL around $434 for the TP of $480/$504/$550.