$BCH (Perp)

Bitcoin Cash is trying to regain strength after a clean bounce from lower support.

Price Update

Price: $576.67

24H Change: +2.66%

Intraday High: $587.65

Intraday Low: $557.17

What’s Happening

Price bounced strongly from the $551 demand zone, which aligns with the higher timeframe MA(99). Buyers stepped in with confidence, pushing price back above short-term moving averages. Volume expansion on the bounce suggests real demand, not just a weak relief move. However, price is now reacting near a mid-range supply area.

Key Levels

Support: $565 – $558

Major Support: $551

Resistance: $580 – $588

Major Resistance: $605

Trend

Short-term: Bullish recovery

Mid-range: Neutral to bullish (needs confirmation above resistance)

Trade Idea

If BCH holds above $565 and reclaims $580 with strength, continuation toward $595 – $605 is likely.

If price fails to hold $565, expect a pullback toward $558 – $551 before the next decision.

Momentum is improving, but confirmation comes only with a clean break above resistance. Stay patient, let price choose the direction.