Massive Short Liquidation Detected on $BCH
Bitcoin Cash just shook the market with a short liquidation of $3,610.3K at the critical level of $405.5. This isn't just noise—it's a signal. Bears are getting crushed, and momentum is shifting fast.
What's Really Happening?
This liquidation spike suggests a short squeeze may be underway. Sellers tried to drag $BCH down, but the buying pressure flipped the script. Bulls are now in control—at least for the short term.
BCH Technical Analysis
Current Price Zone:
Hovering around $405.5 (where short positions got liquidated), BCH is trying to reclaim strong upward momentum.
Buy Zone (Entry Levels):
$395 – $405
This zone is acting as a key accumulation range. Price wicking into this zone suggests smart money is building positions.
Targets:
Target 1: $425
First resistance, expect a pause or slight rejection here.
Target 2: $445
Mid-term rally target, aligned with previous structure highs.
Target 3: $470
Breakout target if volume sustains—momentum traders will chase here.
Stop Loss:
$388
A clean break below this level invalidates the current bullish thesis. This is where bulls start to exit to avoid deeper downside.
Why This Setup Matters:
This isn't just a bounce—this is a potential reversal zone backed by liquidations and momentum. If $BCH holds above $405 and volume increases, we could be staring at a breakout leg that traps more shorts along the way.
