BTC/EUR has once again recovered after making a low of 2051 yesterday (CEXIO). The pair major support is around 2015 (Jun 15th low) and any bbearish continuation can be seen below that level. It is currently trading around 2253 at the time of writing.

Ichimoku analysis of 4-Hour chart indicates:

Tenkan-Sen level: 2161

Kijun-Sen level: 2271

Major reversal level -2357 (200- 4H MA)

Long-term trend remains to be bullish. BTC/EUR faces strong support at 2000 level and any break below will drag the pair down till 1770. Any close below 1770 confirms further weakness.

Major resistance is around 2282 (21- 4H EMA) and any break above will take the pair to next level till 2357 (200- 4H EMA)/2500/2550 (76.4% retracement of 2716 and 2015. Short term support is seen at 2365 (4H Cloud bottom) and any break below will drag the pair down till 2298 (200-4H MA)/2015.

It is good to sell on rallies around 2300-2325 with SL around 2470 for the TP of 2050/1770.