BTC/USD Short Term outlook

• BTC/USD has made a high $257 and retreats from that level. Overall trend is bullish as long as support $ 234 holds.
  
  
• Bullish invalidation can happen only below $234 level. The minor support is around $240 and break below will drag the pair further down till $232/$225.
  
  
• Any break below will take the pair down till $218/$211.
  
  
• The pair's  major  resistance is around $258 and any break above would extend gains till $269.

 Indicator (Daily chart)

CCI (50) -Buy

CCI (14) - Buy

Ichimoku- Buy

We prefer to go buy at dips around $244 with stop around $234 for the target of $269.