BTC/CNY pair is seen trading below in red on Tuesday and jumped till 6513 on 22nd Jan 2017 and slightly retreated from that level (BTCCHINA). It is currently trading around 6261.3 at the time of writing.

Ichimoku analysis of daily chart indicates:

Tenkan-Sen level: 5992

Kijun-Sen level: 6894

Major reversal level -5600 (89- day EMA)

Long-term trend remains to be bullish. BTC/CNY faces strong resistance at 6600 and any break above targets 6895/7366.

Major resistance is seen at 6600 (support turned into resistance) and any break above that level will take the pair to next level till 6894 (daily Kijun-Sen)/7366 (61.8% retracement of 8896 and 4893).  Short term support is around 5933 (60- day EMA) and any break below targets 5684 (89- day EMA)/5515  (61.8% retracement of 4893 and 6513).