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FxWirePro: BTC/USD faces strong resistance around $450, good to buy at dips

  • BTC/USD has broken major resistance $425 and jumped till $447. It is currently trading around $434.  Short term trend is slightly bullish as long as support $425 holds.
     
  • On the higher side any break above $450 will take the pair till $465/$480.
     
  • The pair's minor support is around $425 and any break below will drag the pair further down till $410/$400.
     
  • Short term trend reversal only below $390.

    It is good to buy at dips around $435 with SL around $425 for the TP of $465/$480.

 

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