$BCH /USDT — Sharp Reversal From Demand, Recovery Setup
BCH is trading around 592 after bouncing strongly from the 560–565 demand zone. Price printed a clear bullish reversal on the 4H timeframe, breaking the short-term downtrend structure and reclaiming the 580–585 area. This move signals renewed buyer interest after the recent correction.
As long as BCH holds above the reclaimed support, continuation toward higher resistance levels remains likely. Momentum has shifted from bearish to neutral-bullish following the strong impulse candle.
Entry Zone:
585 – 595
Targets:
Target 1: 610
Target 2: 635
Target 3: 665
Stop Loss:
560
Bias remains neutral to bullish above 575. Holding this zone keeps the recovery structure intact and supports further upside, while a breakdown below 560 would invalidate the setup and shift momentum bearish.
