BTC/USD has made a high of $272.95 and started retreats from that level. It is currently trading at $ pair has almost formed a double top around $273 and any further movement can be seen only above that level.
- The major resistance is around $273 and break above will take the pair to next target $280/$286.
- The pair's minor support is around $258 and any break below will drag the pair further down till $250/$245.
- Bullish invalidation only below $245
Indicator (Daily chart)
CCI (50) -Buy
Ichimoku- Buy
We prefer to sell on rallies around $268-270 with SL around $280 for the TP of $250/$246.
