$BCH Short-term bearish. This move has directly broken through the tightly clustered moving average zone, with bears clearly in control, so you can look for downside continuation.

Watch the resistance at 221.52 to 224.18; on the downside, the first target is 212.75, then 204.67. The defense level is set at 230.91.

But be mindful of the risk: the 15-minute RSI is nearing oversold, and there may be a quick rebound before continuing to probe lower. Don’t go all-in—manage your position size according to your own account.