🎙️【BCH Evening News｜July 31st, 8 PM】
Attention brothers and sisters, BCH made a surge today but is now catching its breath.
Currently, the latest quote for BCH is $583, with a daily high of $596.8 and a low of $580.7, a typical case of 'high opening followed by a weak finish'.
📉From a technical perspective:
The RSI is stuck above 70, showing 'a bit of fatigue';
The Stochastic indicator has quietly slid down from a high position, and the bulls are starting to yawn;
It's now caught in the 'oscillation zone' between $583 and $585, with key support below at $580.8. If it breaks below, it might slide directly to $570 for an afternoon tea.
📊Market Summary:
It surged strongly during the day, but it's 'out of juice' in the evening; the trading volume is also weak, a typical case of 'high surge followed by a retreat without admitting defeat'.
🎯Operating Suggestions:
If you're still holding, don't panic; keep a close eye on $580. If it holds, there’s still hope;
For those looking to make short-term moves, don't act impulsively! Wait for it to break through $586 before considering entry;
If it really breaks below $580, don’t hesitate to cut losses, preserve your capital, and don’t worry about missing out on profits.
🧠One-sentence Summary:
BCH's performance today is like a late-arriving leader at a meeting—comes in strong, leaves quickly, leaving a bunch of people standing around waiting. Before looking for direction, wait for it to show its hand!
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