$BCH

Bullish Sentiment: BCH price increased by 8% due to rumors of a large whale transaction, maintaining a 2.5% gain over the past 24 hours.

Technical Outlook: A multi-year "double bottom" reversal pattern has formed, with a key breakout target above the resistance level of $622.

Whale Accumulation: Blockchain data confirms strong buying pressure, with significant inflows through large orders worth over $420k in a single hour, indicating interest from institutions.

Market Momentum: Despite the overall market's cautious sentiment, BCH shows relative strength with strong capital inflows and an increasing long/short ratio, reflecting positive sentiment from traders.

BCH: Pullback Meets Buyers

BCH is trading at $602.2 after a slight pullback. Although short-term indicators such as MACD show negative pressure, substantial inflows from orders indicate strong accumulation at this price level. Key support is at $575, while nearby resistance is at $605.

Whale Activity Triggers Good News

Recent news reports an 8% rise in BCH price, initially driven by unconfirmed rumors of a large swap transaction. This event has highlighted renewed interest from whales and the positive "double bottom" chart pattern, improving market sentiment. ​

Profit Taking and BCH Trading

Although there are currently no special promotions, users can still increase their BCH balance through Flexible and Locked Simple Earn products on Binance Earn. BCH is fully supported for trading, and market analyses can be viewed on Binance Square.