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$BCH Current price: $588.22
Direction: Short-term long
Reasons:
1. Main funds continue to flow in, contract market buy support is strengthening
2. 1-hour chart maintains an upward channel, MACD golden cross continues, bullish momentum remains strong
3. 24H moderate increase +0.80%, good volume support, no obvious divergence signals
Support levels:
1. $580.0 (1-hour 20-day moving average)
2. $570.0 (recent consolidation low, strong support)
Resistance levels:
1. $598.4 (previous high, strong resistance)
2. $610.0 (short-term target)
Suggested take profit: $598.0, stop loss: $578.0