BCH still has a bullish outlook. From a technical perspective, the price stabilized after rebounding from the 24-hour low of 608.24. On the 4-hour chart, the RSI is currently at 48.84, indicating a neutral to slightly weak position. Although the SAR indicator faces resistance around 636.82 and the MACD shows a green histogram, a closer look reveals that the bearish momentum is actually waning — which often signals a rebound.



My operational suggestion is to enter with a small position, with a stop-loss placed just below 605.50 to limit risk. Take profit in two stages: first target the 628.80 level, and if that is successfully broken, then look at 642.50. The key is to strictly follow the plan, avoiding greed and hesitation.

A reminder: leverage and volatility in crypto derivatives are significant, so everyone should operate according to their own risk tolerance.
BCH-4.83%
View Original
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • 3
  • Repost
  • Share
Comment
0/400
NervousFingersvip
· 6h ago
Has 608 stabilized there? I can't tell, it still feels like it's testing repeatedly.
View OriginalReply0
AmateurDAOWatchervip
· 6h ago
I agree that the bearish momentum is weakening, but can it really break through from 628 to 642? The previous two times, it got stuck at 636.
View OriginalReply0
ShibaMillionairen'tvip
· 6h ago
The short-term momentum is fading. This move can really be followed. Light positions with a stop loss at 605 won't incur losses.
View OriginalReply0
Trade Crypto Anywhere Anytime
qrCode
Scan to download Gate App
Community
English
  • 简体中文
  • English
  • Tiếng Việt
  • 繁體中文
  • Español
  • Русский
  • Français (Afrique)
  • Português (Portugal)
  • Bahasa Indonesia
  • 日本語
  • بالعربية
  • Українська
  • Português (Brasil)