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FxWirePro: BTC/USD faces strong support around $425, good to buy at dips

  • The pair has made a high of $466 and declined from that level. It is currently trading around $438.
     
  • Short term trend is still bullish as long as support $425 holds.
     
  • Any close above major resistance $465 confirms minor trend reversal a jump till $480/$502 is possible. Intraday trend reversal can be seen only below $425.
     
  • On the lower side below $425 will drag the pair to next level $400/$ trend reversal only below $380.

It is good to buy at dips around $435-440 with SL around $425 for the TP of $465/$480

 

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