News Ignition
Technical Navigation
The doubling script of BCH is quietly rehearsing in the bear market!
News Aspect:
Three Major Fuels Boosting
Technical Upgrade Activates Ecosystem: On May 15th, BCH completed a hard fork, introducing CashTokens smart contracts and a 40% block expansion. On-chain NFT surged 650% in a week, and developer activity reached a two-year high—payment coins officially transformed into new players in DeFi.
Korean Funds Violently Driving Up Prices: Upbit exchange's BCH/KRW trading volume accounts for 23.58% of the global total, exceeding $350 million in a single day, comparable to the resurgence of the 'APT Apartment Meme'. Insufficient liquidity + short squeeze led to a 168% surge.
Institutions Quietly Bottom Fishing: In the last three months, 100,000 BCH have been transferred from exchanges to cold wallets, with 67% being large transfers. Dominated by the Asian trading session, the miner revenue structure is shifting towards diversified fees, and the decentralization of computing power is strengthening.
Technical Aspects: Hidden Rebound in Divergence
MACD Golden Cross + Bottom Divergence: DIF crosses above DEA, MACD bars turn red, but the price hits a new low, with a clear signal of exhausted downward momentum.
Key Position Battle:
Support: 440-450;
Resistance: 470-480; breaking through opens up space to 556.
On-chain Warning: Futures funding rate is relatively high, 15% of circulating chips are being traded between 120-150. Beware of overheating leverage.
Operation Summary: Focus on two actions
Short-term: Current price 453.1 with light positions trying long, stop loss at 440, target 480; if it breaks down 450 with volume, reverse to short and look at 420.
Long-term: Pyramid building, focus on layouts for November + March next year, doubling requires maintaining three indicators: smart contract locked amount > 500 million USD, monthly active developers > 150, and decreased miner concentration.
