BTC/USD Short term outlook

• BTC/USD is struggling to break above 200 day 4HMA ($246) and any trend reversal can happen only above that level.
  
  
• On upside major resistance is around $246 (200 day HMA) and any break above could pave way for next target $253/$ pair's minor support is around $234 and break below will target $225/$220.

Indicators (1 Hour chart)

CCI (50) - Sell

CCI (14) - Sell

CCI (14) - Neutral

Recommendation: Sell BTC/USD around $245 SL $253, Targets $234/$225