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FxWirePro: BTC/USD faces strong support at $370, good to buy at dips

  • Major Support - $370
     
  • BTC/USD has recovered after making a low of $382. It is trading around $408.
     
  • Short term trend is slightly bullish as long as support $370 holds.
     
  • On the lower side major support is around $370 and any break below $370 confirms minor trend reversal, decline till $350/$318 is possible.
     
  • BTC/USD minor resistance is around $425 and break above targets $450/$ minor resistance is at $415.

It is good to buy at dips around $390-$400 with SL around $370 for the TP of $425/$450

 

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