BTC/USD trades well below $400, decline till $350/$310 is possible

BTC/USD has broken major trend line support $400 (trend line joining $294 and $310) and declined till $350. It is currently trading around $378.

• Short term trend is bearish as long as resistance $408 holds.
   
• The pair's major resistance is around $408 and any break above will take the pair to next level till $425/$450/$465. Overall trend reversal can be seen only above $465.
   
• On the lower side below $350 will drag the pair to next level $310/$295.

 It is good to sell on rallies around $380-85 with SL around $410 for the TP of $350/$310.