BTC/USD Short term outlook

Intraday trend-Bullish

• BTC/USD is trading near 200 day 4HEMA ($246) and any trend reversal can happen only above that level.
  
  
• On upside major resistance is around $246 (200 day HEMA) 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) - Buy

CCI (14) - Buy

CCI (14) - Neutral

Recommendation: Buy BTC/USD around $240 SL $234, Targets $253/$260.