BTC/USD is trading well above both short term resistance $237 ( trend line
joining $269.90 and $258.80) and also long term resistance $225 ( trend line
joining $299 and $257.48) and this confirms short term bullishness, a jump till $258 cannot be ruled out.
On the down side short term weakness only below $224 and any break below will take the pair further down till $211.
Indicator ( Daily chart
(50) - Buy
(14) – Buy
It is good to buy around $235 with stop around $224 for the target of $258.