$BCH /USDT TECHNICAL ANALYSIS – BEARS STILL IN CONTROL, DOWNSIDE PRESSURE LIKELY 📉
Market Next Move (Bearish Bias):
$BCH /USDT is showing weakness after failing to sustain above the 643–645 resistance zone. Price is currently trading near 636, below recent highs, indicating selling pressure at the top. On lower timeframes, rejection from resistance and inability to build higher highs suggest a possible continuation toward lower support levels before any strong bounce.
Trade Setup (Short Position)
Entry (Short): 636 – 640
Targets (TP):
TP1: 629
TP2: 619
TP3: 605
Stop Loss (SL): 646 (Above key resistance & invalidation zone)
> Risk–reward favors shorts as long as price remains below 645.
Key Technical Levels
Resistance: 643 – 650
Immediate Support: 629
Major Support: 619 – 605
Market Outlook
In the short term, BCH remains bearish to neutral. A breakdown below 629 can accelerate selling toward 619 or lower. Bulls will only regain control if price reclaims and holds above 650 with volume. Until then, rallies are likely to face selling pressure.
#BCHUSDT #CryptoAnalysis #BearishSetup #ShortTrade #PriceAction $BCH
