$BCH is currently experiencing a bearish market structure, with prices hovering at $365.8, just above a critical support level of $359.1. The RSI at 42.9 suggests downward momentum may persist. Traders should watch for a breakout above resistance at $387.1 for potential gains. However, ongoing volatility in Bitcoin prices and macroeconomic uncertainties pose risks; caution is warranted in this turbulent environment.