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BTC/USD breaks major support around $370, targets $350/$318

  • BTC/USD has broken major support $370 and declined till $363 at the time of writing. It is currently trading around $370
     
  • Intraday trend is weak s long  as long as resistance $402 holds. On the higher side any break above $402 will take the pair to next level till $425/$450.
     
  • Any break below $370 confirms minor weakness , a decline  till $350/$318 is possible.
     
  • Overall bullish invalidation below $315 (200 day MA).

It is good to sell on rallies around $370-75 with SL around $402 for the TP of $350/$318

 

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