🎙【$BCH Real-time Report｜August 23rd, 11 AM】
Based on Binance spot: BCH quoted at $590. Compared to last night's thoughts: we emphasized '550 support, 563 to 565 resistance, follow on break'. The current price has effectively broken above resistance and is trading above 600, with the trend confirming bullishness, continuing the pattern of 'holding support → grinding resistance → breaking through'.
Market Structure (Short-term)
The price has returned to the 590 level, positioned in the middle of the '585 support to 600 resistance' range indicated yesterday; the upper boundary is still at 598 to 602, while the lower boundary is focused on 585 and 580.
Volume has not significantly increased, with the rhythm primarily oscillating; if volume breaks above 602, the upper target is 608 to 615; if it drops below 585, look back at 580 and 574 for secondary support.
Multi-dimensional Overview
Policy/Macro: No authoritative new regulations impacting BCH pricing this morning, overall still driven by market sentiment and risk appetite.
Projects/Fundamentals: No significant bullish or bearish disclosures in the last 24 hours, sentiment primarily driven by technical levels.
Technical Indicators: Short-term moving averages are flattening and slightly turning up, momentum is neutral to strong but has not 'amplified confirmation'; a breakthrough requires price and volume resonance.
Super Trader's Preferred Strategy
Range Buying: Gradually buy on dips near 585 to 587; hard stop loss at 584.
Breakout Following: After breaking above 602 with volume, add positions on a retest if it does not break, target 608/615, move stop-loss to secure profits.
Range Arbitrage: Keep position below 40% until a breakout occurs, using a T+0 strategy to sell high and buy low;
Response to Loss: Quickly reduce position if effectively breaking below 580, waiting for secondary signals around 574.
Conclusion: BCH is in a consolidation phase of 'holding the middle track, grinding the upper boundary'; do not chase sentiment, focus on volume and key price levels, aiming for clear breakouts with small stop losses, which is currently a more favorable strategy for win rates and risk-reward ratios.
