$BCH Surge Warning: Chase Highs or Escape Peaks?
Key Points in Bull-Bear Standoff
Daily Bullish Fortress:
EMA Bullish Arrangement (514 > 505 > 494), Daily Volume Breakthrough, Trend Not Broken.
But the price has strayed far from EMA7 (514), with a >70% probability of a pullback to support.
Hourly Life-and-Death Line:
Offensive Position: Volume breakthrough of previous high 525 → Opens up upward space → Target 540.
Escape Position: Break below 515 (EMA7 + large cost area) → Plummeting to 500 mark.
Nuclear Threat Behind the Surge
Mt.Gox Repayment Sword Hanging:
150,000 BCH (≈ $78 million) will soon be released, creditors have been waiting for 7 years and must cash out.
Similar to August 2023 LTC repayment: fell 18% on the day the news broke.
Exchanges Cutting Off Support:
Some exchanges plan to delist BCH-related leveraged trading pairs and perpetual contracts, derivative liquidity exhausted → Whale control skyrocketing.
Halving Effect Disproven:
After April halving, BCH declined 40% over two months, the so-called “Bitcoin Rehearsal” is just a rhetoric for harvesting retail investors!
Retail Survival Guide
Current Price 523 Operation:
Aggressive: 5% position chasing long, add position if breaking 525, exit all at 540.
Conservative: Place an order to buy at 510 (betting on a rebound), stop loss at 498.
Nuclear Risk Avoidance:
Clear all and observe for 3 days before Mt.Gox repayment (historical precursor to sharp declines).
Desperate Strategy:
Open short when breaking 515, target 500 for profit, stop loss if surging above 525!
Truth: BCH has become a cash machine for whales, with rises and falls fully controlled by news.
Short-term betting on volatility (options/contracts), long-term holding coins is not as good as buying BTC!
Better to enjoy together than alone, you reach out, and I can pull you ashore!!
SUI TURMP BONK PEPE OM SOL PNUT
