“Smart money is either distributing right now, or standing aside and watching not building a new wave.”
Let’s calmly read BCH from top to bottom.
1️⃣ Big Picture (1D) — First, what’s the overall story?
After the heavy sell-off,
BCH showed a strong reaction in the 440–460 zone
and managed to lift itself higher.
Price is now around 581–582.
But there’s a very important point:
we are still below the major resistance at 600.
Daily MA situation:
Price above SMA99 (~544) → long-term support is active
Price near SMA28 (~566)
SMA58 (~540) is below price
📌
The market has exited the full bearish phase,
but it has not entered a confirmed bullish trend.
On the daily timeframe, 600 is the decision line.
2️⃣ 4H Timeframe — This is where the truth is clearer
On the 4-hour chart:
Price is moving inside a mild ascending channel
Recent highs are weaker than the previous high
There was a move toward 620+,
but it got quickly rejected
Key 4H zones:
🔴 Key resistance
599–600
(range high + horizontal resistance)
🟢 Supports
577–578 → short-term support
543–545 → main channel support
📌 If the lower support breaks,
a move back toward ~508 becomes a serious risk.
📌 4H conclusion:
The market is currently in a bullish range,
not a sharp, powerful trend.
Moves are mostly corrective, not impulsive.
3️⃣ 1H Timeframe — Short-term behavior and mind games
Price is now fluctuating around 582.
What do we see?
Price is stuck below short-term MAs
Multiple attempts to break 590–595
All attempts failed
Sensitive 1H zones:
🔴 Nearby resistance: 590 → 600
🟢 Nearby support: 578 → 577
📌 If 577 breaks,
a fast move toward 560 is very possible.
📌
The market is exhausting impatient longs,
and still lacks the energy to break the top.
4️⃣ Volume — What is big money doing?
Volume tells a very clear story:
After the main pump, volume dropped
High breaks happened without strong volume
The rejection from 620 came with clear selling volume
📌 Simple interpretation:
Smart money is either:
distributing, or
waiting for the next decision
not starting a new bullish wave.
Final Summary (realistic, no illusions)
❌ No confirmed bullish trend
❌ No strong momentum
✔️ Valid supports below price
✔️ 600 resistance is active and serious
BCH is at a crossroads:
Either it breaks 600 with strength,
Or it pulls back lower to rebuild energy.
📌 Right here:
Not a place for emotional longs
Not a place for rushed shorts
Patience is still the best open position.
⚠️ Risk Alert ⚠️
Futures are not beginner-friendly. These triggers require solid experience.
Before using them, study risk management and practice with the learning content here.
