- Major resistance -$423 (20 day DMA)
- BTC/USD has retreated after making a high of 422 . It is currently trading around $397.
- Short term trend is bullish as long as support $370 holds.
- On the lower side any break below $370 will drag the pair down till $350/$315 (200 day MA).
- The pair's resistance is around $425 and break above will take the pair to next level $450/$466.
- Overall bullish invalidation below $315.
- Momentum indicator Stoch RSI is above 20 level and is showing buy signal.
It is good to buy at dips around $400 with SL around $370 for the TP of $450/$465
