Traders…..$BCH have fully recovered from the lower support area and are now returning to a major resistance area in between. The recovery from the bottom is very strong, indicating strong buyer interest after liquidity was swept near the lows.

The current price is temporarily pausing around the midpoint of the range, which is a natural reaction area. If BCH can hold above this level and absorb selling pressure, a continuation towards the upper resistance area becomes likely. However, if rejected here, it could lead to a brief correction back to support before the next test.

This is a classic range trading structure. Let the price levels dictate the next move.

#BCH #BinanceAlphaAlert #CPIWatch #BinanceBlockchainWeek $BCH

BCH
BCHUSDT
581.73
+3.48%