$BCH BCH｜August 24, 9 AM Morning Market Professional Commentary

Based on Binance: BCH is reported at 593.8, with a recent 24-hour high of 597.1/low of 584.5. The prices and ranges are sourced from Binance's price page and are reliable.

Compared to last night's analysis: we provided '585 support, 602 resistance, range oscillation.' The current price is in the upper half of the range but has not significantly broken through 602; the rhythm and judgment are consistent — still advancing with 'defending the lower edge and grinding the upper edge.'

Technical Analysis: 1H/4H moving averages slightly upward, RSI neutral to strong; trading volume has not significantly increased, and a breakthrough still requires price-volume resonance. If it breaks above 602 with increased volume, look for 608 and 615 in the short term; if it falls below 585, look down at 580 and 574 for secondary support.

Policy/Project Aspects: Tether has officially announced that starting September 1, it will stop redeeming and supporting five 'old chains' including BCH-SLP, marginally weakening SLP side stablecoin liquidity; the effect on BCH main chain spot is neutral, and the market is still dominated by technicals and overall market rhythm.

Super Trader · Win Rate Priority Strategy:

Breakthrough Follow: Break above 602 with volume, add positions if it pulls back without breaking, target 608→615, with a trailing stop-loss throughout;

Pullback Low Buy: Lightly test long near 589 to 591, hard stop-loss at 585, reduce if the rebound is not strong;

Range Arbitrage: Keep total positions below 40% until a break occurs, focusing on T+0 high sell low buy, avoiding emotional chasing of highs;

Loss Response: Quickly reduce positions if it effectively drops below 580, waiting for a secondary signal around 574.

Conclusion: BCH is still in the 'defending support, grinding resistance' phase; do not chase emotions, focus on volume and key prices, using small stop-losses to aim for certain breakthroughs is currently a more favorable strategy in terms of win rate/odds.

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