$BCH 🔥⚡
🔥💥BCH/USDT Market Depth Analysis (2025-12-20)
As of today, Bitcoin Cash (BCH) has shown strong bullish resilience, currently holding steady in the $580 - $615 range. From a technical perspective, BCH has successfully formed a 'double bottom' reversal pattern on the daily chart, accompanied by increased on-chain activity spurred by the Cashinals protocol, significantly warming market sentiment.
Trend Analysis: The price is currently running above the short-term moving averages (EMA 7/30), and the technical pattern presents a bullish symmetrical triangle. The Money Flow Index (MFI) has broken above the 50 midpoint, indicating that incremental funds are steadily entering the market.#CPIWatch #BinanceAlphaAlert 💥🔥🧐
Key Levels: The primary resistance level above focuses on $625. If an effective breakout occurs at the daily level, the short-term target will aim for the $650 to $700 range; the key support below is at $562 (pivot point) and $520 (strong support zone).
Long/Short Logic: Although the surge in derivatives open interest (Open#BCHUSD 🔥🔥💁💁) indicates bullish activity, caution is still needed to see if spot trading volume can continue to increase to validate the breakout's effectiveness. If the price unexpectedly falls below $518, the bullish logic will be invalidated.#CPIWatch