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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.

 

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