$BCH /USDT — SIDEWAYS CONSOLIDATION BEFORE NEXT MAJOR MOVE ⚡
Bitcoin Cash is currently trading around $560, showing mild consolidation after its recent bullish momentum. Despite a minor -0.12% pullback, the broader structure remains intact, with support holding firmly near $546–$550. The Bollinger Bands suggest a tightening range (Upper: $582, Lower: $445), often a precursor to a significant volatility breakout.
The 7-day gain of +18.35% signals strong mid-term accumulation, while the 30-day neutral performance hints that BCH may be recharging for another upward leg — particularly if BTC maintains stability above key zones.
LONG ENTRY: 555 – 565
TP1: 580 TP2: 600 TP3: 651
SL: 540
Momentum traders should monitor the MACD crossover and Bollinger Band expansion for early confirmation of breakout direction.
#BCHUSDT #LongSignals #POW #BinanceTrading #MarketUpdate $BCH
