BTC/CNY pair is trading in a narrow range between 6434 and 6860 for the past six trading sessions (BTCCHINA). BTCC/CNY faces minor resistance at 6860 (Feb 11th, 2017 high) and any minor bullishness can be seen only above that level. It is currently trading around 6665 at the time of writing.

Ichimoku analysis of daily chart indicates:

Tenkan-Sen level: 7012

Kijun-Sen level: 6841

Major reversal level -6132 (89- day EMA)

Long-term trend remains to be bullish. BTC/CNY faces major resistance at daily Tenken-Sen at 7000 and a break below confirms further bullishness.

Major resistance is around 6860 (Feb 11th high) and any break above will take the pair till 6935 (10- day MA)/7012 (daily Teneken-Sen)/7152 (61.8% retracement of 7589 and 6434)/7366. Short term support is seen at 6571 (38.2% retracement of  4893 and 7589) and any break below targets 6434 (Feb 10th low)/ 6399 (60- day EMA) /6225 (61.8% retracement of 4893 and 7589).