BTC/EUR trades in the red on Tuesday and seems to decline. The pair has broken major support 631 (Jun 17th low) and declined till 606.86 levels (CEXIO).  It is currently trading at 617.26 at the time of writing.

Ichimoku analysis of 4-hour chart shows:

Tenkan-Sen level: 659.55

Kijun-Sen level: 661.83

Trend reversal level - (90 days EMA)-601

Long-term trend remains to be bullish. BTC/EUR is trading well below Tenken-Sen and Kijun-Sen and is expected to decline till 570/532 is possible.

Major resistance is around 632 (55 EMA) and any break above will take the pair to next immediate resistance at 667 (21 day MA)/ 692 is possible. Short term support is seen at 595 (Jun 14th low) and any violation below will drag the pair till 570/ 532 (161.8% retracement of 595 and 692).