$BCH in Confirmed Downtrend - Strategic Short Setup

Bitcoin Cash (BCH) is exhibiting a pronounced bearish pattern on the 4H timeframe.

Technical Breakdown:

Price has violated critical support zones and is now consolidating near range lows. Bearish momentum is accelerating, with downside projections indicating further weakness ahead.

📍 SHORT ENTRY ZONE: $503 - $512

🎯 PROFIT TARGETS:

TP1: $498

TP2: $490

TP3: $487

Key Levels to Watch:

Major Support: $481.08

Resistance Barriers: $530.00 / $581.00

⚠️ Risk Alert: The -$602.49 lower boundary highlights substantial downside exposure if selling intensifies.

Outlook: Exercise caution—short-term bias remains firmly bearish.

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BCH
BCHUSDT
528.44
+4.74%