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FxWirePro: BTC/USD struggles to break below $400, good to buy at dips

  • Major intraday resistance - $468
     
  • The pair has recovered after making a low of $403. It is currently trading around $452.
     
  • BTC/USD is still bullish as long as support $400 holds.
     
  • Any break above major resistance confirms minor trend reversal a jump till $480/$502 is possible. Intraday trend reversal can be seen only below $400.
     
  • On the lower side below $400 will drag the pair to next level $389/$380. Short term trend reversal only below $380.

It is good to buy at dips around $425 with SL around $400 for the TP of $467.80/$480.

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