$BCH Get ready for a round of short-term longs and a bounce.

This coin has been grinding down in the bottom for a long time. At this level, it may first give a chance to catch a breather, then continue moving lower. If you want to lie in wait, you can watch for entry around 214 to 216. Looking upward, watch 225 and 232; set your defense around 207. Also, the long positions of $BANK and $ZKC have started to become active—so you can keep an eye on that too.

But you must pay attention to risk. Right now, the 1-hour timeframe short trend is still very strong, and it could break below the 24-hour low at any time. Never go all-in—control your position size based on your own account.