🚨 $BCH is Trapping Bulls! 🐻

Entry zone: 595 – 610 (on lower-timeframe confirmation)

Invalidation: Clean acceptance above 635

Downside Targets: 560 – 550, 525 – 510

$BCH just faked a breakout above $630, snagging liquidity and leaving a trail of broken hopes. Textbook impulsive move up, followed by an aggressive rejection – a clear sign of distribution. Price is now back below key resistance, and bearish momentum is building. 📉

Unless $BCH can reclaim $630, expect a significant pullback. We’re eyeing a move towards the $520-$510 demand zone. Remember: wait for lower timeframe confirmation before jumping in. Don't get caught in the chop!

#BCH #CryptoTrading #TechnicalAnalysis #Bearish 🐻

BCHUSDT

Perp

593.48

-2.77%