#BCH — Lower-High Rejection, Range Still Bearish
BCH is trading below the descending resistance line after a weak recovery from the 553 low. Price failed to reclaim the prior breakdown zone and is now consolidating under supply, indicating seller absorption on every bounce. Structure remains bearish with lower highs intact, and the recent stabilization looks corrective rather than a trend reversal.
Trade : Short
Entry Zone: 570 – 580
Targets:
TP1: 555
TP2: 535
TP3: 510
Stop Loss: 592
Bearish continuation remains valid while price stays below the 580–585 resistance zone. Only a clean breakout and acceptance above this level would invalidate the bearish bias and shift structure back to neutral.
BCHUSDT
Perp
547.75
+0.24%