$BCH BCH August 25, 21:00 TradeyAI Evening Market Update
BCH is currently reported at ≈564.6; the 24-hour range is 561.4 to 599.4. Comparison: This morning we provided '585 support / 602 resistance / range oscillation'. The current price has retreated about 4 to 5% from this morning's ≈591, having lost 585, and the upper boundary of the range has not been broken, turning into upper pressure. The rhythm matches the continuation of 'defending the lower edge, failing to test the upper edge → retreating to seek support'.
Technical Analysis: The 1H/4H moving averages are turning down, and the RSI is neutral to weak; the key at this stage is the strength of support and pullback around 561 to 565. If there is a volume recovery back to 585 and it holds, there is a chance to retest 595 and 602; if the volume is insufficient and it loses 561 again, look down to 555 and 548 for secondary support. The futures side prices and ranges also point to the same weak oscillation pattern.
Operation Suggestions:
Rebound Buying: Only when a decrease in volume stops the drop quickly and recovers at 561 to 565, attempt to buy in batches; hard stop loss at 560.
Confirmation to Chase: If the volume recovers to 585, add positions if it does not break on the pullback, target 595 → 602, with a moving stop profit throughout.
Range Arbitrage: Before breaking the level, total position ≤ 40%, mainly high selling and low buying with T+0, avoiding emotional chasing of prices.
Response to Losing: If it effectively breaks below 561, immediately reduce positions, observe the secondary signals at 555/548 for reassessment.
Conclusion: BCH has shifted from 'testing the upper edge' to a weak retracement phase to test support; price and volume resonance recovering 585 is the effective ticket for the bulls to restart. Before this, use small stop losses to bet on pullbacks, exchanging discipline for win rates.
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