BCH Monthly Shape Analysis:

K-line Shape: Recently, there has been a pattern of sharp rises and falls, with a single-day increase of 38% on May 8, followed by a significant pullback of 22.87% on May 11. Currently, a "Three Black Crows" pattern is forming on the 4-hour level (three consecutive bearish candles at 14-13-12 hours).

Technical Indicators:

MACD on the daily chart shows a bearish crossover at high levels, moving downwards. The hourly level shows a continuous reduction in volume for the histogram. The RSI on the daily chart is at 61, in a neutral to strong area, while the hourly level shows 53, indicating insufficient short-term momentum. EMA7/30/120 shows a bullish arrangement (409 > 408 > 406), but the EMA7 is flattening, posing a risk of crossing below.

Trading Volume:

On the daily chart, the trading volume has sharply decreased, dropping from 950,000 on May 8 to 77,000 on May 14. The most recent three K-lines at the hourly level show a decreasing trading volume (10866 → 8332 → 6621) #BCH #CPI数据来袭