$BCH Stop trying to catch the bottom! The long and short cards are all revealed, and the bears are completely in control.
Just finished my analysis, and I have to say to my BCH fam, it's not the time to be stubbornly trying to catch the bottom. The market is clearly in bear territory, and the bulls have no room to fight back.
First, let's look at the candlesticks and volume. The downtrend is crystal clear, and there's no change at all. This recent rebound has been weak as hell, only gaining a little over 1 point in 7 days, not even reaching the previous highs. The 24-hour trading volume is just over 20 million USDT, and with such low volume, there’s no new money coming in; it’s just old funds being traded amongst themselves, not enough to support any pump.
Most importantly, the smart money data has made things obvious; both longs and shorts have shown their hands. After checking the positions of the whales and traders, I was left stunned.
On the long side, whether it's the whales or those smart traders, the average entry price is all around 503, while the current price is only 452. They’re all deeply stuck. About 90% of long accounts are in the red, with unrealized losses in the millions of USDT. If the price tries to move up even a bit, it’s just going to face selling pressure from those looking to break even; no one is foolish enough to pump the price to help them out.
Now looking at the shorts, they have a crushing advantage.
The number of accounts is nearly double that of the longs, with an average entry price around 475. Over 70% of shorts are making money, sitting on thick profit cushions, and their mindset is stable. They’re ready to add to their shorts if the price rebounds even a little, completely controlling the market rhythm.
As for what happens next, here’s my take—no need to argue; if you do, you’re right.
It’s highly likely we’ll see weak fluctuations between 445 and 475, and the more it swings, the lower the price center will go. There’s no foundation for a big rally. If we rebound above 470, it’s just handing the bears more opportunities.
If we effectively break below 445, don’t even think twice; we’re heading straight for the previous low of 419, no suspense there.
Lastly, a reminder: don’t let anyone fool you into thinking you can catch the bottom on BCH. Going in now is like catching a falling knife. There are dense layers of trapped positions above, and the bears are completely in control. If you’re trading contracts, don’t blindly try to go long; definitely set your stop-losses, and don’t be stubborn.
#BCH #行情分析 #合约交易 👇👇👇