Here is your professional Binance Square style technical analysis post:

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$BCH USDT BEARISH REVERSAL – SHORT-TERM RECOVERY OR MORE DOWNSIDE AHEAD?

BCHUSDT has shown a sharp bearish move on the 15m timeframe, dropping to a low of $497.3 before a slight recovery to the current price of $507.3. The price remains below the mid-Bollinger Band ($504.1) with resistance at the upper band ($508.2). The recent bounce seems weak, indicating that sellers still have control unless a strong reclaim above $510 occurs.

🔻 TRADE SETUP (SHORT)

Entry: $507 – $509

Targets:

TP1: $503

TP2: $500

TP3: $497

Stop Loss: $512

📊 MARKET OUTLOOK

BCHUSDT remains in a bearish structure with selling pressure dominating after the recent breakdown. Unless bulls push above $510 with volume, the downside momentum remains the primary trend for upcoming sessions.

#BCH #BCHUSDT #CryptoAnalysis #Binance #TradingSetup

buy and trade here on $BCH

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