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- BTC/USD has broken major support $243 (trend line joining $213 and $225) and declined till $235. Overall trend is bearish as long as resistance $255 holds.
- It is facing short term support around $235 and any break below will drag the pair further down till $225/$208.
Indicators (4 Hour chart)
CCI (50) - Sell
CCI (14) - Sell
Ichimoku- Sell
Recommendation: Sell BTC/USD around $245, SL $255, Targets $225/$208.
