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- BTC/EUR is struggling to close above 219 (200 day 4HMA) and any trend reversal can happen only above that level.
- On the upside minor resistance is around 219 (200 day 4HMA) and any break above would extend gains till 235/240 in short term. The pair's short term support is around 206 and any break below will extend loss till 200/193.
Indicators (4 Hours chart)
CCI (14) - Buy
CCI (50) - Sell
Ichimoku- Sell
We prefer to sell on rallies around 214 for the targets of 206/200 with stop around 220
