FxWirePro: BTC/USD struggles to break above $465, good to sell on rallies

Pattern Formed- Double Top

• BTC/USD has formed double top around $465 and started to decline from that level.. It is currently trading around $431. It is facing strong resistance around $465 and any further bullishness only above that level.
   
• Short term trend is bearish as long as resistance $465 holds.
   
• The pair's major resistance is around $465 and any break above will take the pair to next level till $480/$505 is possible. Overall trend reversal can be seen only below $400.
   
• On the lower side below $424 will drag the pair to next level $400/$380.

 It is good to sell on rallies around $440-$445 with SL around $466 for the TP of $420/$400.