BTC/EUR is seen trading slightly below in red on Friday. The pair slightly retreated till 622 after jumping till 630.64 levels (COINBASE). It is currently trading around 630.66 at the time of writing.

Ichimoku analysis of daily chart shows:

Tenkan-Sen level: 601.90

Kijun-Sen level: 588.26

Trend reversal level - (100 days MA) – 550.96

Long-term trend remains to be bullish. In the daily chart, BTC/EUR down side is capped by 23.6% retracement of 636.06 and 567.67, slight weakness only below that level.

Major resistance is around 636 (Jul 7th high) and any violation above will take the pair 650/683.11 (88.6% retracement of 715 and 434.58). Short-term support is seen at 619 (23.6% retracement of 636.06 and 567.67) and any break below targets 611 (5- day MA) /601 (daily Tenkan-Sen)/584 (21- day MA).