BTC/CNY is consolidating after hitting a low of 17800 on Jun12th 2017 (BTCCHINA). The pair shown a minor jump till 19709 and is currently trading around 19353 at press time.

Ichimoku analysis of 4-Hours indicates:

Tenkan-Sen level: 19269

Kijun-Sen level: 19399

Minor reversal level -16500 (Jun 3rd low)

Long-term trend remains to be bullish. BTC/CNY faces minor support at 38.2% and any break below targets 18217.

Minor resistance is seen at 19785 (61.8% retracement of 20999 and 17800) and any break above targets 20220 (Jun 6th high)/21000. Short term support is around 19139 (55- 4H EMA) and any break below will drag the pair till 18400/17795 (Jun 8th 2017 low).

It is good to sell on rallies around 19680-19700 with SL around 20220 for the TP of 19000/17900.