๐๐$BCH /USDT Technical Analysis โ Momentum Building! ๐ฅ
Bitcoin Cash is showing strong bullish momentum on the 4H timeframe, currently trading at $477.4 (+4.21%). Price recently touched a local high of $483.2, maintaining higher lows and respecting the MA(7) and MA(25) support levels.
โ Key Technical Highlights:
Bullish structure with solid recovery from the $397.7 bottom
Trading above all major moving averages โ clear uptrend confirmation
MA(7) = $470.3 | MA(25) = $449.4 | MA(99) = $420.9
High trading volume indicates active buyer interest
๐ฏ Trading Plan (Short-Term):
Entry: $475 โ $478 (on small dip or breakout confirmation)
Stop-Loss: $464 (below short-term support zone)
Take-Profit Targets:
TP1: $487
TP2: $495
TP3: $510
โ ๏ธ Watch for resistance near $483โ$487 zone; a clean breakout with volume could push BCH into a fresh rally phase.
๐ Trend Bias: Bullish
๐ Strategy: Buy the dip or breakout retest, trail stop above $483
