BTC/CNY is seen trading below in red on Monday. The pair made a temporary top around 6599 and slightly declined from that level (BTCCCHINA). BTC/CNY shown a dip till 6150 and is currently trading around 6380.81 at the time of writing.

Ichimoku analysis of daily chart shows:

Tenkan-Sen level: 6046

Kijun-Sen level: 5872

Minor resistance – 6450

Trend reversal level - (100 day MA) – 4825

Long-term trend remains to be bullish. BTC/CNY is facing minor support at 7- day EMA and slight weakness can be seen below that level.

Major resistance -6600 any break above that level will take the pair to next level till 6721/6876 (161.8% retracement of 6230 and 6599). Short-term support is seen at 6140 (7- day EMA) and any break below targets 6045 (daily Tenken-Sen)/5751 (21- day EMA).