FxWirePro: BTC/USD faces strong resistance around $290, good to sell on rallies

• BTC/USD is facing strong resistance $290 and any break above confirms short term bullishness. Short term trend is still bearish as long as resistance $ 290 holds.
  
  
•  The minor support is around $278 and break below will drag the pair further down till $260/$250.
  
  
• The pair's minor resistance is around $290 and any break above would extend gains till $300/$310.

 Indicator (Daily chart)

CCI (50) -Buy

Ichimoku- Neutral

We prefer to sell around $280 with stop around $290 for the target of $270/$260.