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FxWirePro: BTC/USD struggles to close above $350, good to sell on rallies

  • BTC/USD has recovered till $350 at the time of writing and declined till $333. It is currently trading around $335. Short term trend is still bearish as long as resistance $370 holds.
     
  • On the downside minor support is around $325 and break below targets $300/$270.
     
  • The pair's minor resistance is around $356 and any break above will take the pair to new level $370/$400.
     
  • Overall bullish invalidation only above $400 level.

It is good to sell on rallies around $350 with SL around $370 for the TP of $270/$256

 

 

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