FxWirePro: BTC/USD struggles to close above $350, good to sell on rallies
BTC/USD has recovered till $350 at the time of writing and declined till $333. It is currently trading around $335. Short term trend is still bearish as long as resistance $370 holds. On the downside minor support is aro…
BTC/USD has recovered till $350 at the time of writing and declined till $333. It is currently trading around $335. Short term trend is still bearish as long as resistance $370 holds.
On the downside minor support is around $325 and break below targets $300/$270.
The pair's minor resistance is around $356 and any break above will take the pair to new level $370/$400.
Overall bullish invalidation only above $400 level.
It is good to sell on rallies around $350 with SL around $370 for the TP of $270/$256
