$BCH /USDT Daily Market Update

Hey everyone, long time no market updates! Here’s a quick one: BCH keeps climbing, even as most assets pull back.

Bitcoin Cash has been rising within a bullish channel but now faces stiff resistance around $490–$491.

Volume: Slightly below average on recent advances.

Momentum: Still positive as price stays above the 200 SMMA, but showing signs of exhaustion near channel top.

⚡️ Outlook & Scenarios

1. Bullish Breakout Scenario (≥$495):

A clean break and close above $490–$491 with rising volume could drive BCH toward:

🔴 Channel top near $520

🔴Major resistance at $639

2. Pullback / Rejection Scenario (<\$485):

🔴 Failure to clear $490–$491 may trigger a pullback to:

Channel midline around $450–$460

200 SMMA at $379.85 if sellers dominate

Conclusion: BCH is at a critical juncture — bulls need a strong breakout above $490–$491 to keep the uptrend alive.