Brothers, I am Mig.
Tonight, keep an eye on the BCH four-hour chart. Those holding positions are probably feeling anxious—this market, is it going to surge up, or continue to crash down? Don't panic, let's break down the market together to understand it clearly.
Current market situation: MACD has turned on the 'red light'
First, look at the technical signals. The white and yellow lines have dropped below the 0 axis, and a death cross has formed—this is a clear bearish signal. In simple terms, short-term momentum is weak, and trying to immediately V-shaped reverse to surge is quite difficult.
Where is the upward pressure? 608 is the first hurdle, and above that is yesterday's high of 633. Until these two positions are broken, any talk of a big rise is just empty. The downside support looks around 556; if it breaks here, the adjustment time may be extended.
My judgment is: The possibility of a direct surge to 633 is low. Why? The MACD is in a dead cross below the zero axis and needs time to recover, unless there is a sudden surge in volume; in a downtrend, rebounds often get stuck near resistance levels; without news stimulus, relying solely on technicals has limited strength.
Mig's view: Tonight we will first test the support around 556, if it holds, we will see a rebound to around 608, then return to fluctuations. It's a script of 'dipping - rebounding - fluctuating'.
What should retail investors do? Remember these three life-saving rules.
If you have positions or want to enter:
For those with heavy positions: Consider reducing a portion when it rebounds to the 605-608 range to lower risk;
For those looking to buy the dip: Don't rush, wait for stability around 556 before considering light positions, stop loss if it drops below 550;
For those holding cash: It's not embarrassing to watch the show tonight, only take action when the direction is clear, don't eat the fish head, eat the fish body.
The specific entry points will be announced in real-time by Mig in the village. If you want to keep up with Mig's pace, follow Mig, who will announce the daily currencies, entry points, and exit timings in the chat room!!
When the market is bad, it's the best time to learn. Follow Mig, not just to copy trades but to learn methods and practice mindset. Everyone can make money in a bull market, but the bear market reveals who is swimming naked.
Whether BCH goes up or down tonight isn't that important. What matters is — you know how to respond.
I am Mig, focusing on practical analysis in the cryptocurrency circle, no bragging, no deception.
If you want to keep up and learn the technical methods, feel free to follow. Together in this market, live long and earn steadily.
