🎙️【BCH Morning Report｜August 7th 09:30】

Good morning everyone, this is the BCH live report.

Current Price:

According to data, as of this morning, the current quote for BCH is about $568USD, with an increase of approximately +4.5% over the past 24 hours, and trading activity has significantly increased.

Daily Range:

In the past 24 hours, the lowest was about $543.8USD, and the highest surged to $572.6USD, with the market in an upward volatility pattern.

Technical Structure Analysis:

• This morning, BCH consolidated around $568, with momentum remaining strong;

• Technical indicators such as RSI are in the neutral to strong zone, indicating sufficient buying power;

The structure is bullish, with short-term rebound potential.

Core Price Monitoring:

• Support level to watch is $560USD, as the support bottom range;

• Resistance level is between $572 and $573USD, breaking through this level is expected to lead to further upward movement.

Operational Suggestions:

• For holders: It is recommended to continue holding and observing whether it breaks through the resistance area for sustained upward movement;

• For short-term traders: Wait for a breakout with volume above $572 to $573 for positioning; if it falls below support, flexible risk control is required.

In summary:

BCH is currently in a strong upward trend after a solid pullback, with a clear rebound rhythm during US trading hours, and the short-term structure is bullish, but attention should be paid to the performance at resistance levels.

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