$BCH 4H

The price moved into the gap zone between the 62–78% Fibonacci levels (585–572) and even slightly below its midpoint, as marked on the chart.

With the final hours before the weekly close, the probability increases that the price may be delivered above the previous weekly opening level (598+).

The decrease in open interest during the downside move can be interpreted as short position closures, rather than aggressive new selling.

#BCH #altcoins #priceaction