FxWirePro- Major Crypto levels and bias summary 
Bitcoin Smashes $93K as Institutions Pile In – $100K Next? 
FxWirePro- Major Crypto levels and bias summary 
Ethereum Refuses to Stay Below $3,000 – $3,600 Next? 
Bitcoin Defies Gravity Above $93K Despite Missing Retail FOMO – ETF Inflows Return & Whales Accumulate: Buy the Dip to $100K 
Firelight Launches as First XRP Staking Platform on Flare, Introduces DeFi Cover Feature 
Bitcoin Bounces Hard: $87,592 Hit as Bulls Defend $80K – Next Stop $100K If $92K Breaks 
ETHUSD Finds Its Footing: Buy the Dip for a Potential Surge Toward $3600 
Bitcoin Reserves Hit 5-Year Low as $2.15B Exits Exchanges – Bulls Quietly Loading the Spring Below $100K 
Ethereum Ignites: Fusaka Upgrade Unleashes 9× Scalability as ETH Holds Strong Above $3,100 – Bull Run Reloaded 
BTC/CNY is seen trading below in red on Monday and the pair has formed a temporary top around 8400 and declined from that level (BTCCHINA). It is currently trading around 8240 at the time of writing.
Ichimoku analysis of daily chart shows:
Tenkan-Sen level: 7850
Kijun-Sen level: 7417
Major reversal level -6620 (89- day EMA)
Long-term trend remains to be bullish. BTC/CNY downside capped by 7 –day MA and minor weakness can be seen only below that level.
Major resistance is seen at 8439 (88.6% retracement of 8896 and 4893) and any violation above targets 8896 (Jan 5th 2017 high). Short term support is around 8045 (7- day MA) and any break below targets 7934 (10- day MA)/7620 (21- day EMA)/7250 (daily Kijun-Sen).
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FxWirePro: BTC/CNY downside capped by 7 – day MA, good to buy on dips
Monday, March 6, 2017 1:05 PM UTC
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