BTC/USD is facing strong support around $220 and any further weakness only below $220 level. It is currently trading at $235. Short term trend is bullish as long as support $220 holds.
- The major resistance is around $250 and break above will take the pair to next target $258/$270.
- The pair's minor support is around $220 and any break below will drag the pair further down till $210/$198.
Indicator (4 Hours chart)
CCI (50) -Sell
Ichimoku- Buy
We prefer to buy at dips around $230 with stop around $220 for the target of $250/$258.
