BTC/EUR is seen trading above on Monday.  The pair has recovered slightly after making a low of 585 levels (CEXIO). It is currently trading at 607.02 at the time of writing.

Ichimoku analysis of 4-hour chart shows:

Tenkan-Sen level: 607.50

Kijun-Sen level: 601

Trend reversal level - (90 4H EMA)-591.45

Long-term trend and the short-term trend remains to be bullish. BTC/EUR takes support near 200 4H MA. So further weakness only below that level.

Major resistance is around 610 (Jun 27th high) and any break above will take the pair to next immediate resistance at 635 (24th Jun high)/656 (127.2% retracement of 635 and 562). Short term support is seen at 575 (200 4H MA) and any violation below will drag the pair till 539 (61.8% retracement of 483 and 635)/505 (Jun 23rd low).