BTC/USD faces strong support around $370, break below targets $350/$318

BTC/USD has made a low of $376 at the time of writing and slightly recovered from that level. It is currently trading around $380.
 

• Intra day  trend is weak s long  as long as resistance $405 holds. On the higher side any break above $405 will take the pair to next level till $425/$450.
   
• The pair's support is around $370 and break below targets $350/318
   
• Overall bullish invalidation below $315 (200 day MA).

  It is good to sell on rallies around $390 with SL around $405 for the TP of $370/$350