Description
⋅ BTC/USD breaks minor resistance $408 and jumped till $423. It is currently trading around $416.
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