BTC/EUR has shown a minor jump after hitting a low of 2160 level (CEXIO). It is currently trading around 2341 at the time of writing.

Ichimoku analysis of 4-Hour chart shows:

Tenkan-Sen level: 2402

Kijun-Sen level: 2461

Major reversal level -2149 (200- 4H MA)

Long-term trend remains to be bullish. BTC/EUR downside capped by 200-4H EMA and any further weakness can be seen below this level.

Major resistance is around 2461 (4H Kijun-Sen) and any break above will take the pair to next level till 2504 (61.8% retracement of 2716 and 2160)/2716 (Jun 12th 2017 high)/ 2791 (113% retracement of 2716 and 2160). Short term support is seen at 2149 (200 4H MA) and any break below will drag the pair down till 1770 (May 27th 2017 low)/1500.

It is good to sell on rallies around 2600 with SL around 2720 for the TP of 2160/1770.