It is facing short term resistance around $308 and any break above could pave the way for next target $342 ( of $162.68 and $454).
Any short term trend reversal can happen only below $272.Any break below will take the pair further down till $259/$250.
Indicators (4 Hour chart)
(50) - Buy
(14) - Buy
Recommendation: Buy BTC/USD around $280, SL $270, Targets $307/$340.