BTC/CNY pair has shown a mild recovery till 6799 after declining till 6597. BTCC/CNY faces minor resistance at 6800 (daily Tenken-sen) and any minor bullishness can be seen only above that level (BTCCHINA). It is currently trading around 6732 at the time of writing.

Ichimoku analysis of daily chart indicates:

Tenkan-Sen level: 7012

Kijun-Sen level: 6758

Major reversal level -6105 (89- day EMA)

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

Major resistance is around 6800 (daily Tenken-Sen) and any break above will take the pair till 6876 (38.2% retracement of 7589 and 6434) and any break above will take the pair till 6982 (10- day MA)/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)/ 6379 (60- day EMA) /6225 (61.8% retracement of 4893 and 7589).