$BCH Short Liquidation: $6.6576K at $597.63
Short sellers were liquidated as BCH pushed cleanly through the $597.63 level, where a significant pocket of short exposure had accumulated. Price expansion into this zone was decisive, triggering stop losses and forcing rapid short covering. The move showed strong follow-through, indicating buyers were in control as liquidity was efficiently taken.
Entry (EP): $594.20
Take Profit (TP): $615.80
Stop Loss (SL): $587.90
Market Outlook:
$BCH is showing short-term bullish continuation after clearing weak shorts near key resistance. As long as price holds above the liquidation zone, upside extension toward higher resistance remains favored. Volatility is elevated following the squeeze maintain disciplined risk management and avoid overexposure if momentum begins to cool.
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