BTC/USD Short term outlook

Intraday trend-Bearish

• BTC/USD is struggling to break $263 (200 day 4HMA) and this confirms short term weakness a decline till $225 cannot be ruled out.
  
  
• On downside major support is around $243 (cloud bottom) and any break below could pave way for next target $234/$225.

 Indicators (4 Hour chart)

CCI (50) - Sell

CCI (14) - Sell

CCI (14) - Neutral

Recommendation: Sell BTC/USD around $250 SL $240, Targets $264/$272.