🚨 SHOCK WARNING: $BCH Just Hit a Critical Trap Zone! 🚨
Look at the chart (refer to file 1000006310.jpg)! After a huge drop from the $651 peak, $BCH is clinging to the $530 support. This level is crucial. Why? It's the last major psychological defense before a potential cascade back to earlier accumulation ranges. The massive Grayscale ETF filing news created an insane run-up, but now the heat is off.
The current consolidation looks like a temporary pause, not a reversal. Technical indicators (like the MACD on shorter timeframes) are screaming bearish momentum despite a slight oversold bounce. If the bears manage to crack $530 with volume, watch out—the floor is far lower! Don't get caught buying the "stable" zone without a clear bounce confirmation.
The Question: Is the ETF narrative enough to save $BCH from dropping another 10-15%? Reply with 'YES' or 'NO' and your target price!