BCH/USDT — Cooling After an Impulsive Move

Bitcoin Cash made a sharp expansion from the 520 area, breaking above the EMA 200 on the 4H timeframe, which confirmed a trend reversal. Price quickly spiked toward 631, followed by a controlled pullback.

Currently, $BCH is consolidating around 580–590, which suggests profit-taking rather than trend failure. This type of sideways action after a strong impulse often builds the base for the next directional move.