Over the past four hours, Bitcoin Cash (BCH) has experienced notable volatility against Tether (USDT). The trading pair opened at approximately $427.42, dipped to a low of $408.04, and is currently trading around $408.04, reflecting a 2.39% decrease from the previous close.

Technical indicators on the 4-hour chart suggest a cautious market sentiment. The Relative Strength Index (RSI) stands at 54, indicating that the asset is in a neutral state. The Moving Average Convergence Divergence (MACD) shows a bearish crossover, suggesting downward momentum. Support levels are identified at $408.04 and $400.00, while resistance levels are at $427.42 and $440.00.

Investors should monitor key support and resistance levels. A sustained move above the $427.42 resistance could signal a potential bullish reversal, while a drop below the $400.00 support might indicate a continuation of the bearish trend. Given the current market dynamics, traders are advised to exercise caution and employ appropriate risk management strategies.$BCH