BTC/EUR has shown a decline after hitting a high of 2540 at the time of writing (CEXIO). The pair temporary top is around 2716 and any bullish continuation can be seen only above that level. It is currently trading around 2442 at press time.

Ichimoku analysis 4-Hour chart shows:

Tenkan-Sen level: 2391

Kijun-Sen level: 2382

Major reversal level -2276 (200- 4H MA)

Long-term trend remains to be bullish. BTC/EUR upside capped by 76.4% fibo and any minor bullishness continuation can be seen only above that level.

Major resistance is around 2550 (76.4% retracement of 2716 and 2015) and any break above will take the pair to next level till 2601 (Jun 13th 2017 high)/2716 (Jun 12th 2017 high)/ 2791 (113% retracement of 2716 and 2160). Short term support is seen at 2380 (4H Kijun-Sen) and any break below will drag the pair down till 2276 (200-4H MA)/2015.

It is good to sell on rallies around 2500 with SL around 2601 for the TP of 2280/2015.