$BCH /USDT Technical Report – August 6, 2025 (01:00 GMT)
Bitcoin Cash (BCH) is showing a slow but steady bullish movement, currently trading at $557.4 USDT, with a +0.50% daily gain. The price has moved within a wide daily range, hitting a low of $541.6 and reaching as high as $584.2, showing clear signs of volatility and active trading. The 24-hour trading volume also supports this momentum, with 66,960 BCH exchanged and a total USDT volume of $37.69 million, suggesting strong market interest. BCH is currently holding well above the short-term support at $548.8, while the next major resistance lies near $577.0–$584.2, with an extended target at $586.4.
From a technical view, BCH is forming a bullish continuation pattern. The pullback toward the $541.6–$548.8 zone acted as a healthy correction and helped create a strong base for the next move up. If BCH maintains support above $550, we can expect buyers to gain more confidence and push the price again toward $577 and possibly break through $584.2. Once the $586.4 resistance is cleared with volume confirmation, BCH may enter a long-term bullish trend aiming for $600+. This makes the current zone attractive for long trade entries, especially for swing traders looking to ride the next upward wave.
Traders are advised to enter near $550–$557 with a stop-loss around $539 (below the recent low) and take profit near $577–$586.4. If BCH breaks above the key resistance, partial profits can be taken while holding the rest for higher targets. The overall market structure remains bullish as BCH continues to print higher lows and stronger recoveries. Momentum indicators like RSI and MACD are likely showing early bullish signs, giving more confidence to buyers. In conclusion, BCH/USDT is setting up for a clean long position with a high reward-to-risk ratio — a perfect setup for calm, patient, and profit-focused traders.