- BTC/USD is facing strong resistance $290 and any break above confirms short term bullishness. Short term trend is still bearish as long as resistance $ 290 holds.
- The minor support is around $278 and break below will drag the pair further down till $260/$250.
- The pair’s minor resistance is around $290 and any break above would extend gains till $300/$310.
Indicator (Daily chart)
CCI (50) -Buy
Ichimoku- Neutral
We prefer to sell around $280 with stop around $290 for the target of $270/$260.
The material has been provided by InstaForex Company – www.instaforex.com