$BCH /USDT

BCH shows a completed downside sweep into the 560–565 area, followed by a sharp reclaim. That reclaim signals short covering and reactive demand after liquidity was taken below prior lows.

Price is now approaching prior supply around 590–600. This is where reactions matter. Strong continuation requires acceptance above this zone, not just a wick. Failure here would confirm lower-high distribution within a broader range.

Support to watch sits around 570–575. Holding above that keeps the rebound structure valid. A loss of that level would suggest the move was corrective rather than trend-shifting.

No rush here. Let price confirm direction around supply before committing risk