$BCH Analysis

Bitcoin Cash is showing some weakness after breaking below the $454 level on the 4-hour timeframe. The price is currently retesting support around $448.6, a level it has defended before.
We saw a clear rejection from the MA28 (28-period moving average) sitting at $454.1, which acted as resistance and pushed the price lower. At the time of writing, BCH/USDC is trading at $450.8, down roughly 3.22% over the recent period with a turnover of around 8.12K.
The breakdown below $454 suggests short-term bearish momentum is building. If the support at $448.6 fails to hold and we start seeing consistent 4H closes below it, the next likely downside targets would be in the $440–$435 zone.
On the flip side, a strong bounce from $448.6 with volume could bring the price back up to retest $454–$456. However, as things stand, the structure leans cautious to bearish in the near term unless buyers step in aggressively to reclaim the MA28.
Key level to watch right now: $448.6 — a hold here keeps the current range intact, while a clean break lower increases the chances of deeper correction.#GateSquareMayTradingShare