BTC/USD breaks major support around $354, targets $280

BTC/USD has retreated till $354 at the time of writing after making a high of $502 and currently trading around $358.

• On the downside major support is around $354 and any break below that level will drag the pair till $312/$300/$280.
   
• The pair's minor resistance is around $385 and break above targets $400/$ term bullishness only above $450.

It is good to sell on rallies around $355-$360 with SL around $402 for the TP of $300/$280.