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$BCH — CLEAR DOWNTREND CONFIRMED (4H)
Bitcoin Cash (BCH) | 4-Hour Chart Analysis
Current Price: $520.96
🔻 Market Structure:
Clear lower highs & lower lows
Trend remains bearish
🔻 Recent Price Action:
Rejected from $602
Now testing critical $520 support
🔴 Trade Idea (Bearish Bias)
Entry: Breakdown and hold below $520
Target: 🎯 $480
Stop Loss: Above $540 (or above recent swing high)
🔑 Key Levels
Resistance: ~$580 (previous high)
Breakdown Zone: <$520 → selling pressure may accelerate
Support: $480 (previous swing low)
📊 Momentum Insight:
Selling pressure remains dominant. Bounce attempts are weak and corrective, suggesting bears are still in control. Until structure changes, rallies are likely to be sold into.
Trade with discipline.
Let confirmation lead — not emotion.
#BCH #BCHUSD #MarketCorrection 🚀