BTC/EUR has broken minor resistance around 2231 and jumped till 2273 levels (CEXIO). Intraday weakness can be seen only below 2130 level. It is currently trading around 2252 at press time.

Ichimoku analysis 4-Hour chart shows:

Tenkan-Sen level: 2180

Kijun-Sen level: 2138

Major reversal level -1751 (200- 4H MA)

Long-term trend remains to be bullish. BTC/EUR downside capped by 2135 (4H Kijun-Sen) and any minor weakness can be seen only if it closes below that level.

Major resistance is around 2306 (127% retracement of 2193 and 1940) and any break above will take the pair to next level till 2326 (61.8% retracement of 2675 and 1770)/2418 (161.8% retracement of 2231 and 1940)/2670. Short term support is seen at 2135 (4H Kijun-Sen) and any break below will drag the pair down till 1940 (May 28th 2017 low)/1660 (200 4H MA).

It is good to buy on dips around 2150 with SL around 2000 for the TP of 2500/2670.