- BTC/USD has formed short term bottom around $235 and is slightly recovering from that level. Overall trend is slightly bullish as long as support $234 holds.
- On upside major resistance is around $250 (200 day HMA) and any break above could pave way for next target $ pair's minor support is around $234 and break below will target $225/$220.
Indicators (1 Hour chart)
CCI (50) - Buy
CCI (14) - Buy
CCI (14) - Buy
Recommendation: Buy BTC/USD around $245, SL $234,Target $267