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Price: 596
Technical structure: [H4]
🟢 Overall: Uptrend remains intact
🟡 Medium-term: Consolidation after impulsive growth
🟢 Short-term: Price stays above important support
Market context:
• BCH showed a strong impulse and entered a cooling phase
• Sellers are not aggressive
• Volumes are decreasing — typical behavior before continuation
My view:
As long as the price stays above the support zone, the structure remains constructive.
Current consolidation looks like a pause after a rally, not a reversal.
The key will be the market’s reaction to holding the current levels.
Key levels:
• Support: 570 – 585
• Resistance: 620 – 650
Scenario:
📈 Holding above 580+
→ Move towards 620
→ A break could test 650
📉 Losing 570
→ Transition into a deeper correction
The structure still favors continuation,
but confirmation is always more important than expectations.
⚠️ This is not financial advice. DYOR.
#bch $BCH