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6.3 BCH Evening Public Strategy
Intra-day BCH saw a sharp drop, with a single-day decline of over 4.8%. After testing the low of 1816 during the session, it rebounded technically. The bearish tone of the larger timeframe remains unchanged. The short-term oversold conditions have triggered a corrective rebound.
The 15-minute K-line bottoms out and then recovers with a bullish candle. Buying interest at low levels has entered for a short-term position, but rebound momentum is relatively weak. This is a technical pullback/rebound after a decline rather than a trend reversal.
Trading suggestion: Place short positions around 1870-1900 on the rebound, with a target of 1800.
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