š„ $BCH /USDT Bulls Breakout Setup š„
Bitcoin Cash found support at $550.2 before rebounding toward $556.9. Buyers are gradually stepping back in after a test of the lows, while the recent high of $566.9 now stands as the key breakout level.
A push above this zone could open the door to further bullish momentum.
š Key Levels
Support: $550 ā $553
Resistance: $564 ā $567
Breakout Zone: Above $567 with strong confirmation
š Trade Setup
Entry: $555 ā $558 (current range accumulation)
Stop Loss: $548 (below recent swing low)
Target 1: $564
Target 2: $567
Extended Target: $575+ if momentum accelerates
š Market Sentiment
Sentiment is neutral-to-bullish. Bears tested the $550 floor, but buyers defended well, signaling strength.
A clean breakout above $567 would confirm bullish control and could drive BCH toward the $575 zone. If support at $548 fails, the bullish scenario weakens.
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