🔥 $BCH
BCH
595.7
-4.52%
USDT – Short-Term Technical Analysis (Bearish Bias) 🔥
📉 Market Structure: Price failed to sustain above 600, forming a lower high, signaling weakening bulls.
📐 Pattern: Rising Wedge / Rejection at Resistance → bearish setup confirmed.
🔻 Sell Entry Zone: 595 – 600 (retest & rejection area).
🎯 Targets: 585 ➝ 580 ➝ 570 (key demand zones).
🛑 Stop Loss: 605 (above resistance, invalidates bearish bias).
🔮 Next Move: Expect bearish continuation unless $BCH reclaims 600+ with strong volume.