$BCH is entering a clearly discernible decline on the chart 📉
After being unable to maintain the previous upward momentum, the price of BCH has started to form lower highs and lower lows, indicating that selling pressure is prevailing. Buying strength is gradually weakening, while each bounce is merely technical and quickly sold off.
If BCH cannot hold the short-term support levels, it is highly likely that the price will continue to slide down to lower levels in search of new demand. In the current context, the trend still leans towards decline, and traders should be cautious, avoid FOMO, and wait for clear reversal signals before considering buying in.
BCH
593.9
+0.69%