$BCH Faces Resistance After Recent Rally 🐻
Given the current range-bound structure and the bearish last candle, I believe $BCH may struggle to break above the resistance level of 304.80, potentially leading to a short-term downtrend, especially if it fails to hold above the SMA7
Technical check:
✅ Trading below SMA25 📉✅ Bearish last candle 📊✅ Flat/falling volume
⚠️ A break above the resistance level of 304.80 would invalidate the short-term bearish outlook, potentially leading to a retest of higher levels…
#MarketAnalysis #CryptoInsights #TechnicalAnalysis
Given the current range-bound structure and the bearish last candle, I believe $BCH may struggle to break above the resistance level of 304.80, potentially leading to a short-term downtrend, especially if it fails to hold above the SMA7
Technical check:
✅ Trading below SMA25 📉✅ Bearish last candle 📊✅ Flat/falling volume
⚠️ A break above the resistance level of 304.80 would invalidate the short-term bearish outlook, potentially leading to a retest of higher levels…
#MarketAnalysis #CryptoInsights #TechnicalAnalysis