BTC/USD breaks major support around $370, targets $350/$318
BTC/USD has broken major support $370 and declined till $363 at the time of writing. It is currently trading around $370
Intraday trend is weak s long as long as resistance $402 holds. On the higher side any break above $402 will take the pair to next level till $425/$450.
Any break below $370 confirms minor weakness , a decline till $350/$318 is possible.
Overall bullish invalidation below $315 (200 day MA).
It is good to sell on rallies around $370-75 with SL around $402 for the TP of $350/$318
Intraday trend is weak s long as long as resistance $402 holds. On the higher side any break above $402 will take the pair to next level till $425/$450.
Any break below $370 confirms minor weakness , a decline till $350/$318 is possible.
Overall bullish invalidation below $315 (200 day MA).
It is good to sell on rallies around $370-75 with SL around $402 for the TP of $350/$318