๐ฅ$BCH Consolidating with Bullish Bias
Volume: Big spikes on up moves (618kโ791k during rallies) confirm bullish strength. Current 24h volume ~407k is moderate โ classic consolidation before next leg up.
Fund flows: Spot heavy selling (24h: -1.58M, 3D: -8.96M), but short-term buying kicking in (1H: +96k, 2H: +1.27M). Contracts strong recent inflows (1H: +4.5M, 4H: +9.97M) โ leveraged longs loading up.
**Verdict**: Cautiously LONG $BCH
Entry:
- Pullback to support ~571โ576 (24h low)
- Or breakout above 598 with volume confirmation
Stop Loss: ~3% below entry
Targets:
- Short: 616
- Medium: 639 (Resistance) $BCH
Note: Spot pressure easing, leverage building โ upside potential in consolidation. Watch for volume confirmation.
BCHUSDT
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