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$BCH Analysis –impulsive rally Bullish Bias
Market Structure
BCH has printed a clear short-term higher low at 586, followed by an impulsive rally toward 630, confirming a short-term bullish structure. Price is currently consolidating around 622–625, indicating healthy digestion after the push. Overall structure favors continuation as long as price holds above key demand.
Key Support & Resistance
Major Support: 612 – 605
Intermediate Support: 624 – 618 (intraday demand)
Invalidation Level: Below 586 (structure breakdown)
Immediate Resistance: 630 – 635
Major Resistance / Supply: 650 – 670
Volume & Flow Analysis
Strong buy-side volume accompanied the move from 586 → 630, signaling aggressive dip absorption.
Order book shows a slight bid dominance (~52–53%), supporting bullish continuation.
Pullback volume is declining → classic bullish consolidation, not distribution.
Indicators Snapshot
MACD: Bullish crossover with expanding histogram (momentum intact).
EMAs (7 & 25): Price holding above → short-term trend bullish.
RSI (6): ~77 (overbought) → risk of shallow pullback before continuation.
Bollinger Bands: Price stretched above upper band → expect consolidation, not trend reversal.
Trade Plan (Spot)
Aggressive Long Entry: 618 – 622
Conservative Long Entry: 605 – 612
Stop Loss: Below 586 (daily close basis)
Targets:
TP1: 635
TP2: 650
TP3: 670+ (breakout continuation if volume expands)
🔍Outlook
Short-term momentum remains bullish, backed by strong volume and higher-low structure. However, overbought conditions suggest patience on entries. A clean break and hold above 650 would unlock a fresh expansion leg, while failure to hold 612 could trigger a deeper retest toward 586 before continuation.
Bias: Bullish continuation with pullback risk ⚠️
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