$BCH
BCH/USDT Update, Bearish Momentum
$BCH is trading at 536.2, down -3.96%, showing selling pressure.
Support is near 535–536, while resistance is around 542–547. A break below 535 may push BCH toward 530–525, while reclaiming 542–547 could open upside to 551–555+.
Volume is 19.47M USDT, indicating moderate trading activity.
Supply & Demand: Sellers are strong near 542–547, forming a supply zone, while buyers are defending 535–536, creating support.
Pro Tip: Momentum is slightly bearish; short positions may be favored unless BCH recovers above 542+.
Trade Setup:
Short: Enter near 536–538, target 530–525
Long (if reversal occurs): Enter above 542, target 551–555+
