BCH daily in-depth analysis - key support test and trend judgment under multi-indicator resonance

1. Technical Indicator Multi-dimensional Analysis

1. Trend and Momentum Indicators

• MACD (12,26,9): DIF: -1.7 (below the zero line) DEA: -1.5 (death cross status, green bars expanding)

• Conclusion: Bearish momentum is strengthening, and the short-term trend is weak.

• EMA Combination：

  • EMA30: 276.00 (price slightly below EMA30) EMA200: 292.89 (long-term suppression)
  • Conclusion: The price is below EMA30, and if it cannot recover quickly, it may continue to decline.

2. Oscillation and Volume Indicators

• **KDJ (9,3,3):

  • K Value: 37.664 (Neutral Weak)
  • D value: 48.289 (bearish arrangement)
  • J value: 15.972 (oversold area)
  • Conclusion: KDJ shows oversold conditions, indicating a potential short-term rebound demand.

• Bollinger Bands (20):

  • Middle Band: 276.00
  • Upper and Lower Bands: 259.92 / 283.87
  • Conclusion: Price is near the lower band, Bollinger Bands are widening, and volatility is increasing. Volume: The last 24-hour volume was $2,034,039,296, an increase from the previous day, indicating increased selling pressure.

3. Special Indicators

• RSI (14): 37.664 (neutral to weak)
• ATR (14): 4.4714 (high volatility)
• Conclusion: RSI is close to the oversold zone, and ATR indicates increased market volatility.

2. Key Support and Resistance

3. Multi-Period Resonance Analysis

1. Daily Level:

   • Trend: Bearish dominance, price is below EMA30 and EMA200. Momentum: The MACD green column is amplified, and the bearish momentum is strengthened.

2. 4-hour level:

   • KDJ: The K value has entered the oversold zone, and a short-term rebound may occur.
   • Bollinger Bands: When the price touches the lower band, a technical rebound may occur.

3. Weekly Level:

   Trend: The price is in a descending channel and needs to focus on the long-term support level.

4. Macroeconomics and On-Chain Drivers

1. Macro Events:

   Market Sentiment: The crypto market as a whole has been under pressure recently, and investors’ risk aversion has risen.

2. On-chain signals:

   Exchange Inflows: The recent increase in BCH inflows into exchanges may signal increased selling pressure.

5. Tomorrow (April 10) trend deduction

Scenario 1: Continuing Decline (Probability 50%)

Trigger Condition: The price is unable to gain a foothold at the 260.00 support level.

• Market sentiment continues to deteriorate.
• Target Price: 249.87 (52-week low).

Scenario 2: Technical Rebound (Probability 30%)

• Trigger Condition: KDJ oversold triggers a short-term rebound.
  • The price has returned above 276.00.
• Target Level: 292.89 (EMA200).

Scenario 3: Consolidation (Probability 20%)

• Trigger Condition: Price consolidates within the range of 260.00-276.00.
• Trading volume shrinks, market sentiment is cautious.

6. Operating Strategies and Risk Control

Set stop losses rigorously, control positions, and guard against risks brought by severe market fluctuations.

VII. Comprehensive Conclusion

The current price of BCH is near a key support level, and technical indicators show that bearish momentum is increasing. However, the KDJ has entered the oversold zone, indicating a potential short-term rebound demand. It is important to closely monitor the gains and losses at the 260.00 support level, as well as changes in overall market sentiment, to formulate an appropriate trading strategy.

🌱 What you see is the “current price”, 🌄 What we see is a “landscape of the future”. SCDO——Consensus of the technical faction, choice of the value faction. 📊 Bottom accumulation, the ecosystem is heading towards prosperity!