$BCH August 25 21:00 TradeyAI Evening Market Update
BCH current price ≈ 564.6; last 24h range 561.4 to 599.4. Comparison: This morning, we provided "585 support / 602 resistance / range oscillation". The current price has dropped approximately 4 to 5% from this morning's ≈ 591, having lost 585, and the upper edge of the range has not been broken, turning into upper pressure, in line with the continuation of the pattern "guarding the lower edge, attempting the upper edge without success → pullback to seek support".
Technical Analysis: 1H/4H moving averages are turning down, RSI is neutral to weak; the current key lies in the support and rebound strength around 561 to 565. If there is a volume return to 585 and it stabilizes, there is a chance to retest 595 and 602; if the volume is insufficient and it loses 561 again, watch for secondary support at 555 and 548. The futures side price and range also point to the same weak oscillation pattern.
Operational Suggestions:
Dip-buying: Only when there is low volume stop-loss at 561 to 565 / quick recovery during a probe, attempt to buy in batches; hard stop-loss at 560.
Confirmation before chasing: Recover 585 with volume, add positions if it doesn’t break on the pullback, target 595 to 602, with a moveable stop profit throughout.
Range trading: Keep total position below 40% before breaking, mainly high sell low buy with T+0, avoiding emotional chasing.
Response to loss: If effectively breaking below 561, immediately reduce positions, observe secondary signals at 555 and 548 for reassessment.
Conclusion: BCH has shifted from "attempting the upper edge" to a weak pullback testing support phase; price-volume resonance recovering 585 is the valid ticket for bulls to restart; before this, take small stop losses to seek rebounds, trading discipline for win rate.
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