$BCH is still leaning short on the 8H, but the cleaner read is that the market is trying to base after a brutal break. The big damage was the collapse from the 5/18 flush, and since then price has spent days trying to recover the 360 area without reclaiming the prior breakdown zone around 379–383.

What stands out is how every bounce has been capped below that old range, while the recent candles keep printing lower highs into the 350s. At the same time, the selloff has slowed compared with the panic expansion, so this is no longer a straight-line dump — it’s a weak rebound inside a larger down move. That’s the tension here: downside pressure is still dominant, but the market is also showing enough stabilization that shorts are no longer getting the same impulsive follow-through.

If BCH can’t rebuild acceptance above the 360s and then the 379–383 band, the broader short bias stays intact. If it does, the structure starts to look more like a failed breakdown than a clean continuation. How are you reading this range — dead-cat bounce or early base? Not financial advice. DYOR.