🎙️【BCH Evening News｜August 6, 8:00 PM】
Good evening everyone, this is the BCH evening report.
📊 Latest Market Overview
• BCH price around $558 to $559 USD, up approximately +1.3% from yesterday
• The daily high reached $565.20 USD, and the lowest dipped to $547.70 USD, with a total fluctuation of about $17.5
📈 Trend Structure Analysis
• BCH overall continued the strong momentum from the morning session, rebounding after reaching the low point, currently maintaining a medium to high fluctuation pattern;
• From a weekly perspective, after the correction on August 5, today has continued to rise gently, with a trend leaning towards bullish and steady.
📌 Technical Key Levels
• Support Range: $547 to $550 USD, the previous day's low and the area of concentrated trades;
• Resistance Range: $565 to $566 USD, near the daily high, a breakout confirmation with volume is required again.
🎯 Trading Suggestions (Professional Logic)
• For Holders: The price has risen and stabilized above $550, the short-term bullish structure has not been broken, can continue to hold and observe;
• For Short-term Traders: Pay attention to whether it can break through $565 to $566, accompanied by significant trading volume, before considering adding positions;
• If the price retests support and stabilizes in the $547 to $550 range, one can consider positioning when approaching support.
✅ One Sentence Summary
BCH today maintains a high-level oscillation upward trend, the short-term structure is leaning bullish, but key resistance still needs to be broken and confirmed, trading is advised to follow the trend while remembering to control risks.
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