FxWirePro: BTC/USD recovers after making a low of $294, good to sell on rallies

BTC/USD has broken major support $300 and declined till $294. It  is currently trading around $319. Short term trend is still bearish as long as resistance $350 holds.

• On the downside major support is around $300 and break below targets $270/$256.
   
• Any break above major resistance $350 will take the pair to new level $370/$400.
   
• Overall bullish invalidation only above $400 level.

It is good to sell on rallies around $325-$330 with SL around $351 for the TP of $270/$256.