BTC/USD has made a high of $310 and retreated from that level. Overall trend is weak as long as support $295 holds
The minor support is around $286 and break below will drag the pair further down till $270/$254.
The pair’s major resistance is around $310 and any break above would extend gains till $332/$357.
The minor resistance is around $295 and break above targets $304/$310.
Indicator (4 Hour chart)
CCI (50) –Buy
Ichimoku- Sell
We prefer to go sell around $285 with stop around $296 for the target of $270/$258.
The minor support is around $286 and break below will drag the pair further down till $270/$254.
The pair’s major resistance is around $310 and any break above would extend gains till $332/$357.
The minor resistance is around $295 and break above targets $304/$310.
Indicator (4 Hour chart)
CCI (50) –Buy
Ichimoku- Sell
We prefer to go sell around $285 with stop around $296 for the target of $270/$258.