BTC/CNY is seen trading slightly above on Thursday. The pair has broken minor top at 7902 made on Fe b24th 2017 and jumped till 7955 levels (BTCCHINA). It is currently trading around 7910 at the time of writing.

Ichimoku analysis of daily chart shows:

Tenkan-Sen level: 7547

Kijun-Sen level: 7184

Major reversal level -6488 (89- day EMA)

Long-term trend remains to be bullish. BTC/CNY faces strong resistance at 8000 and any break above targets 8439/8896 (Jan 5th, 2017 high).

Major resistance is around 8000 and any break above will take the pair till 8300 (161.8% retracement of 7589 and 6434)/8439. Short term support is seen at 7735 (7- day MA) and any break below targets 7599 (10- day MA)/7300 (Feb 25th 2017 low)/7184 (daily Kijun-Sen).