📉 $BCH is encountering overhead supply and losing upward steam. After a strong squeeze higher, price is now pressing into a known supply/resistance area where upside momentum is slowing. Recent rallies look more like short-covering than fresh buying, with weaker follow‑through and rejection wicks near highs — suggesting sellers are controlling at these levels. Technical studies indicate BCH still has strong resistance above and could retrace toward lower support before deciding its next major move. �

CoinMarketCap +1

SHORT Plan (adjusted phrasing):

🔹 Entry: 545–555

🔹 Stop‑Loss Above: 590

🔹 Targets: 520 → 495 → 460

Why this matters now:

• BCH recently outperformed many altcoins but failed to break key resistance decisively. �

• Near‑term momentum is fading, and a pullback toward prior demand zones is plausible before buyers can re‑assert strength. �

CoinMarketCap

CoinStats

*Note: This is not financial advice — always combine your own analysis and risk management.*

BCH

461.2

+2.51%

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