FxWirePro: BTC/USD trades in narrow range, good to sell on rallies

• BTC/USD has broken major support $270 and it confirms short term weakness, a decline till $258 (200 day 4HMA) cannot be ruled out.
  
  
•  The minor support is around $270 and break below will drag the pair further down till $258/$250.
  
  
• The pair's minor resistance is around $280 and any break above would extend gains till $293/$300.

 Indicator (4 Hour chart)

CCI (50) -Sell

Ichimoku- Sell

We prefer to go sell around $275 with stop around $281 for the target of $258/$251.