BTC/CNY is seen trading slightly above on Tuesday and the pair breaks 61.8% fibo at 7366 and jumped till 7386 (BTCCHINA). It is currently trading around 7381 at the time of writing.

Ichimoku analysis of daily chart indicates:

Tenkan-Sen level: 6815

Kijun-Sen level: 6087

Major reversal level -5933 (89- day EMA)

Long-term trend remains to be bullish. BTC/CNY breaks 61.8% fibo and this confirms further bullish continuation a jump till 7950 likely.

Major resistance -7366 (61.8% retracement of 8896 and 4893) and any break above that level will take the pair to next level till 7500/7950. Short term support is seen at 7040 (7- day MA) and any break below targets 6840 (10- day MA)/6520 (21- day MA).