BTC/EUR has declining after hitting a minor top around 2344 on Jun 28th 2017 (CEXIO). The pair major top is around 2715 (Jun 12th high) and any bullish continuation can be seen below that level. It is currently trading around 2260 at press time.

Ichimoku analysis of 4-hour chart indicates:

Tenkan-Sen level: 2288

Kijun-Sen level: 2254

Major reversal level -2367 (200- 4H MA)

Long-term trend remains to be bullish. BTC/EUR faces strong support around 2000 and any break below confirms further weakness.

Major resistance is around 2367 (200- 4H EMA) and any break above will take the pair to next level till 2466 (Jun 26th 2017 high)/2550 (76.4% retracement of 2716 and 2015. Short term support is seen at 2254(4H Kijun –Sen) and any break below will drag the pair down till 2015/1770.

It is good to sell on rallies around 2300-2325 with SL around 2470 for the TP of 2050/1770.