🎙️【BCH Morning Report｜August 3rd 10:00 AM】
Good morning, friends! Let's take a look at the latest market trends for Bitcoin Cash (BCH).
As of 10 AM today, the latest quote for BCH is 520 USD, down about 2.8% in the last 24 hours.
In the past day, BCH briefly surged to 543.99 USD but failed to hold the high, subsequently fluctuating back down to a low of 520.6 USD, showing a clear 'surge and pullback' structure.
📉 From a technical perspective:
The RSI indicator has fallen back to a neutral and weak range, with insufficient bullish momentum in the short term;
The high volume at peaks was not sustained, and buying interest at lower levels is hesitant, leading to an overall market sentiment leaning towards wait-and-see.
📊 The current key support level is around 520 USD; if broken, it may further test the lower range of 515 or 510 USD;
Meanwhile, the short-term resistance remains between 543 and 544 USD; breaking this level with effective volume would likely open up upward space again.
🎯 In terms of operational advice:
For those holding positions, pay close attention to whether the 520 USD support level holds; if it does, you can temporarily wait and see, but if it breaks, be decisive in cutting losses;
For short-term traders, it is advisable to wait until a firm hold above 544 USD before considering going long, to avoid blindly chasing prices;
If you are still on the sidelines, then patiently wait for the market direction to become clearer before taking action.
✅ In summary: Currently, BCH is in a consolidation phase, and the direction is not yet clear, so cautious position control is key.
📌 Follow me for timely professional data analysis in the crypto space every day, to be the strongest support on your trading journey.
#BCH #BCH！ #BCH💰智能多空策略 $BCH
Good morning, friends! Let's take a look at the latest market trends for Bitcoin Cash (BCH).
As of 10 AM today, the latest quote for BCH is 520 USD, down about 2.8% in the last 24 hours.
In the past day, BCH briefly surged to 543.99 USD but failed to hold the high, subsequently fluctuating back down to a low of 520.6 USD, showing a clear 'surge and pullback' structure.
📉 From a technical perspective:
The RSI indicator has fallen back to a neutral and weak range, with insufficient bullish momentum in the short term;
The high volume at peaks was not sustained, and buying interest at lower levels is hesitant, leading to an overall market sentiment leaning towards wait-and-see.
📊 The current key support level is around 520 USD; if broken, it may further test the lower range of 515 or 510 USD;
Meanwhile, the short-term resistance remains between 543 and 544 USD; breaking this level with effective volume would likely open up upward space again.
🎯 In terms of operational advice:
For those holding positions, pay close attention to whether the 520 USD support level holds; if it does, you can temporarily wait and see, but if it breaks, be decisive in cutting losses;
For short-term traders, it is advisable to wait until a firm hold above 544 USD before considering going long, to avoid blindly chasing prices;
If you are still on the sidelines, then patiently wait for the market direction to become clearer before taking action.
✅ In summary: Currently, BCH is in a consolidation phase, and the direction is not yet clear, so cautious position control is key.
📌 Follow me for timely professional data analysis in the crypto space every day, to be the strongest support on your trading journey.
#BCH #BCH！ #BCH💰智能多空策略 $BCH
Disclaimer: Includes third-party opinions. No financial advice. May include sponsored content. See T&Cs.
BCH
562.1
-4.68%