FxWirePro: BTC/USD struggles to close above $400, good to sell on rallies

BTC/USD has retreated till $353 on Friday after making a high of $502 and currently trading around $367.

• The pair is struggling to close above $400.
   
• On the downside major support is around $354 and any break below that level will drag the pair till $312/$300/$280.
   
• The pair's minor resistance is around $385 and break above targets $400/$ term bullishness only above $450.

It is good to sell on rallies around $365-70 with SL around $402 for the TP of $300/$280.