Bitcoin Cash led the decline among mainstream cryptocurrencies on December 24, with a 24-hour drop of 3.13% and a current price of $450.37. Its market capitalization is $8.96 billion, ranking 14th. It has the largest decline among the top 20 cryptocurrencies. BCH, as a fork of Bitcoin, often has some correlation with BTC. However, due to its smaller market capitalization, it is more volatile. When BTC drops by 1%, BCH may drop by 2-3%. This amplification effect is more pronounced during bull markets, resulting in faster gains, and during bear markets, it results in sharper declines. From a fundamental perspective, BCH focuses on large blocks and payment scenarios, but under the development of Layer 2 and the Lightning Network, this advantage is gradually weakened. Market attention and investment in BCH are not as strong as in previous years, leading to its price performance being consistently weaker than BTC. In terms of technical analysis, BCH has some support around $450, but if the market continues to weaken, it may test the $400 integer level. From the trading volume perspective, BCH's trading activity is declining, which is unfavorable for price stabilization. Investment in BCH needs to be more cautious. Although it has the aura of an established project and a certain community foundation, BCH's innovation capability and ecological development seem insufficient in the fierce competition of public chains. It is recommended to only consider it as a supplementary allocation within the Bitcoin ecosystem and not to hold a large position. Main funds should still be concentrated on mainstream coins like BTC and ETH.