BTC/USD Short Term outlook

• BTC/USD has retreated till $222 after making a high of $244 and short term bullishness can be seen only above $232.
  
  
• Any break above $237will take the pair further up till $248/$257.
  
  
• On the down side minor support is around $220 and any break below will take the pair further down till $224/$211.

 Indicator (Daily chart)

CCI (50) -Buy

CCI (14) - Buy

Ichimoku- Sell

We prefer to go sell on rallies around $230 with stop around $238 for the target of $210.