Recently, BCH's trend has been quite interesting. On the 1-hour chart, after the price surged to 653.30, it started to turn around. The MACD red histogram has clearly been shrinking, indicating that the upward momentum is rapidly weakening, which is hard to ignore.

After the rebound funds chased in, the subsequent pullback directly broke through the MA5 moving average. The high-position traders who chased the rally are basically trapped. From the rhythm of the order book, this looks like a typical tactic of the main force pushing the price up to attract follow-up orders and then quickly dumping. This wave of increase looks good, but its sustainability is questionable.

Currently, BCH is quoted around 634.29, a significant drop from the high point. If the technical indicators continue to confirm weakness, the short-term shorting opportunity is right in front of us. Timing is often when hesitation causes the moment to slip away.