BTC/USD Short term outlook

• BTC/USD has made a low of $210.86 and recovered from that level. Overall trend is neutral and any trend reversal can happen only above $244 (trend line joining $269.90 and $258.80).
  
  
• The minor resistance is around $235 and any break above will extend gains till $244/$258.
  
  
• On the downside minor support is around $210 and any break below will drag the pair further down till $200/$193 in short term.

Indicators (4 hours chart)

Woodies CCI (14) - Neutral

CCI (50) - Buy

Ichimoku- Sell

It is good to sell on rallies around $235 with stop around $244 for the target of $211.