BTC/EUR is trading in a narrow range between 610.95 and 599.51 levels (CEXIO) for the past two trading session. It is currently trading at 604.20 at the time of writing.

Ichimoku analysis of daily chart shows:

Tenkan-Sen level: 604

Kijun-Sen level: 592.98

Trend reversal level - (90 4H EMA)-529

Long-term trend remains to be bullish. BTC/EUR faces strong support at 600. So it should close below that level for further weakness.

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 599 (23.6% retracement of 483 and 635) and any break below targets 566 (55 EMA)/ 555 (Jul 7th low).