$BCH Huge negative news!
Internal message is here! Continuing to increase!
Current price directly short! Wishing everyone wealth 🤑🤑🤑🤑🤑🤑🤑🤑🤑🤑🤑
Next, let's take a look at my analysis!
BCH short-term negative explosion
Brothers, the latest price of BCHUSDT perpetual contract is $557.64, down 3.02% in 24 hours, and down another 1.85% during the day, the market is directly weakening without negotiation.
On the news side, there are even more negative factors piling up, BTC's weakness has dragged the entire altcoin sector down, coupled with rumors of tightening regulations flying around, miners are also rushing to sell BCH for cash at the end of the year, the selling pressure is directly maxed out! The 24-hour transaction volume is only 129 million USDT, and the funds have long lost their previous activity.
In terms of market phase, BCH's daily line has directly broken below the 7-day moving average support, and is now stubbornly holding around the 25-day moving average at $554.84, with volume continuously shrinking, and buying pressure simply cannot hold. Brothers should pay attention, if the support level at $554 cannot hold, it is very likely to fall to the 99-day moving average at $545.27.
Now the negative news has not been digested yet, brothers do not blindly catch the falling knife, those with positions can boldly short! The bottom can be seen at the 450 stage bottom! $BCH
