BTC/EUR has made a minor top around 2621 on Jun 6th 2017 and shown a minor profit booking form that level (CEXIO). Intraday weakness can be seen only below 2420 level. It is currently trading around 2530 at press time.

Ichimoku analysis 4-Hour chart shows:

Tenkan-Sen level: 2514

Kijun-Sen level: 2463

Major reversal level -1940 (200- 4H MA)

Long-term trend remains to be bullish. BTC/EUR formed temporary top around 2671 on May 25th 2017 and any further bullish continuation can be seen only above that level.

Major resistance is around 2675 (May 25th 2017 high) and any break above will take the pair to next level till 2778 (113% retracement of 2675 and 1940)/2800. Short term support is seen at 2420 (23.6% retracement of 1940 and 2621) and any break below will drag the pair down till 2350 (55- 4H EMA)/2214 (89- 4H EMA)/2000.

It is good to buy on dips around 2425-2435 with SL around 2350 for the TP of 2670/2778.