It is facing short term resistance around $285 and any break above could pave the way for next target $304(Jan 26th high).
Any short term trend reversal can happen only below $254.Any break below will take the pair further down till $242/$233.
Indicators (4 Hour chart)
(50) - Buy
(14) - Buy
Recommendation: Buy BTC/USD around $265, SL $254, Targets $285/$304.