$BCH 🎙 【BCH Evening Live Broadcast｜August 12, 21:30】

Good evening everyone, this is the BCH evening market analysis.

Currently, BCH is priced at $589.4, up 0.9% for the day, with a daily high reaching $600 and a low of $575.9. Even during market corrections, BCH remains stable at high levels, showing strong resilience, which indicates that bullish sentiment is still robust.

From a technical perspective, the short-term moving averages are in a bullish arrangement, the RSI is maintaining a healthy range, and there is no significant exhaustion in trading volume. Key support levels to watch are between $580 and $584; if this holds, there is still a chance for bulls to push towards $600; if it breaks out with volume, the target could directly aim for $615, or even higher levels. Conversely, if support breaks, it will enter a consolidation phase.

On the news front, the market focus is locked on the upcoming BCH halving event, which historically often leads to increased price volatility before and after, and it’s quite clear that funds are positioning themselves in advance.

Operational advice: For those holding positions, you can hold safely as long as support holds; for short-term players, patiently wait for a breakout above $600 to chase long positions more securely; observers can gradually accumulate in the support zone.

In a nutshell — BCH is currently a stage for bulls, holding support is the chip, and breaking resistance is the signal!

📌 Want to grasp BCH's key price levels and trading strategies first thing every day? Follow me, and you won't miss any market trends, data, or rhythms!