BTC/CNY is seen trading below in red on Monday. The pair made a temporary top around 6599 and slightly declined from that level (BTCCCHINA). BTC/CNY shown a dip till 6150 and is currently trading around 6380.81 at the time of writing.



Ichimoku analysis of daily chart shows:



Tenkan-Sen level: 6046



Kijun-Sen level: 5872



Minor resistance – 6450



Trend reversal level - (100 day MA) – 4825



Long-term trend remains to be bullish. BTC/CNY is facing minor support at 7- day EMA and slight weakness can be seen below that level.



Major resistance -6600 any break above that level will take the pair to next level till 6721/6876 (161.8% retracement of 6230 and 6599). Short-term support is seen at 6140 (7- day EMA) and any break below targets 6045 (daily Tenken-Sen)/5751 (21- day EMA).