BTC/EUR is seen trading flat on Wednesday. The pair is trading in narrow range between 618 and 599 levels (CEXIO) for the past three trading session. It is currently trading at 609 at the time of writing.

Ichimoku analysis of daily chart shows:

Tenkan-Sen level: 600

Kijun-Sen level: 595

Trend reversal level - (90 4H EMA)-525

Long-term trend remains to be bullish. BTC/EUR is facing strong short term support at 21day MA (600). So, a slight weakness only below that level.

Major resistance is around 619 (Jul 17th 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 561 (55 days EMA) and any violation below will drag the pair till 542 (61.8% retracement of 635 and 483.)/524 (90 days EMA).