$BCH ｜August 24, 21:00 Evening Professional Quick Review
Based on Binance Spot: BCH594, the high and low in the last 24 hours are 598.38/584.26, the price and range parameters have been verified.
Compared to this morning: the morning was at 593.8, determining "585 support, 602 resistance, mainly fluctuating". The current price is basically flat with this morning, still not breaking through 602 with volume, maintaining the central oscillation of "guarding the lower edge and grinding the upper edge".
Technical Analysis: 1H/4H moving averages are flat and slightly turning up, RSI is neutral to strong, and volume has not significantly increased—breakthrough still requires price-volume resonance; breaking above 602 could see 608 and 615, while a drop below 585 should focus on the second support at 580 and 574.
Operation Suggestions
Breakthrough Follow: Increase position if it breaks above 602 with volume and does not break on the pullback, target 608 to 615, with a moving stop loss throughout;
Pullback Low Buy: Light position long attempt near 589 to 591, hard stop loss at 585, reduce first if the rebound is not strong;
Range Arbitrage: Before breaking, keep total position below 40%, mainly high sell low buy for T+0, avoid emotional chasing;
Loss Management: Quickly reduce position if it effectively breaks below 580, waiting for a second signal around 574.
Conclusion: BCH is still in a testing phase at the upper range of oscillation; do not rush for a moment, pay attention to volume and key price levels, and use small stop losses to seek certain breakthroughs, which is currently a better strategy in terms of win rate/odds.
Entrust the win rate to data and discipline—focus on TradeyAI, with entry points and risk control positions synchronized in real time.
