$BCH USDT – Market Update

Current Price: $589.6 (-2.96%)

24h High / Low: $634.3 / $578.9

Volume (24h): 153,973 BCH (~$95.06M)

RSI: Neutral-to-oversold zone (good for potential bounce plays)

Key Technical Levels:

Support Zones: $584 – $578.9 (strong demand), $571 (secondary support)

Resistance Zones: $598 – $605 (minor), $611 – $618 (major), $634.3 (strong)

Trading Strategy:

Buying Zone: $584 – $589 (near support, low-risk entry)

Selling / Take Profit Zones:

First Target: $598 – $605

Second Target: $611 – $618

Third Target: $634.3 (strong resistance — partial profit advised)

Stop-Loss: Below $578 (strong support break could trigger more downside)

Market Outlook:

BCH is currently in a pullback after touching $634.3. Price is approaching strong support around $584, which could trigger a short-term bounce. If $578 breaks, more downside towards $571 is possible.

$BCH

Risk Tip: Always book partial profits at first resistance and trail stop-loss to lock in gains.