$BCH ｜August 24th 9 AM market analysis professional quick review
Based on Binance: BCH is reported at 593.8, with a 24h high of 597.1/low of 584.5. Prices and ranges are sourced from Binance price page, reliable data.
Comparison with last night's thoughts: We provided '585 support, 602 resistance, range oscillation.' The current price is in the upper half of the range but has not significantly surpassed 602. The rhythm and judgment are consistent—still 'guarding the lower edge, grinding the upper edge' in progress.
Technical analysis: 1H/4H moving averages are slightly upward, RSI is neutral to strong; trading volume has not significantly increased, and a breakout still requires a price-volume resonance. If it breaks above 602 with volume, short-term targets are 608 and 615; if it falls below 585, look for secondary support at 580 and 574.
Policy/project aspect: Tether has officially announced that from September 1, it will stop redeeming and supporting five 'old chains' including BCH-SLP, marginally weakening SLP side stablecoin liquidity; the impact on the BCH main chain spot is neutral, with the market still dominated by technicals and overall market rhythm.
Super Trader · Win Rate Priority Strategy:
Breakout follow: Stand above 602 with volume, add positions if the pullback does not break, target 608→615, with a mobile stop profit throughout;
Pullback low buy: Lightly try long positions near 589 to 591, hard stop loss at 585, reduce if the rebound is not strong;
Range arbitrage: Total positions below 40% before breaking, mainly focus on T+0 high sell low buy, avoiding emotional chasing of highs;
Loss of support response: Quickly reduce positions if effectively breaking below 580, waiting for a secondary signal around 574.
Conclusion: BCH is still in the 'guarding support, grinding resistance' phase; avoid chasing emotions, focus on trading volume and key prices, using small stop losses to seek certain breakouts is currently a better strategy for win rate/odds.
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