#BCHUSD #Binance #BTC Based on the 9.36AM INDIA chart for BCHUSDT Perpetual:

Indicators: The current price ($515.31) is below the 25-day MA ($517.55) and 99-day MA ($525.40), suggesting a bearish trend. The 9-day SMA ($517.55) is close to the current price, indicating short-term support, but the downward trajectory of the MAs and recent price drop from $529.88 (24h high) to $497.28 (24h low) reinforce bearish momentum. Volume SMA (2.478K) shows moderate activity, with no significant spike to suggest a reversal.

Position Call: The bearish indicators suggest avoiding a long position. Consider closing any existing long positions or switching to a short position if the price breaks below $515.31 with increased volume. Set a stop-loss near $497.28 (recent low) to manage risk, and watch for a potential bounce if the price reclaims $517.55.

This analysis aligns with the current market context as of 09:36 AM IST on July 24, 2025.