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