$BCH /JPY — Sharp Pullback Near Weekly Lows

Price: ¥89,590

Move: -4.37%

Intraday High/Low: ¥94,000 / ¥89,461

Reason:

Weak buying pressure and declining volume allowed sellers to take control. Short-term moving averages (7/25/99 MA) are all trending downward, confirming continuous downside momentum.

Key Levels:

Support: ¥89,400

Resistance: ¥90,700 / ¥91,500

Trend: Bearish (short-term)

Trade Idea:

If price holds above ¥89,400 and forms a bullish candle → potential bounce back to ¥90,700.

If price breaks below ¥89,400 → expect further downside toward ¥88,800.

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