#特朗普数字资产政策新方向 BCH's recent price action doesn't look too good.
Looking at the 4-hour chart, the short-term support trendline has been clearly broken, and that previous heavy-volume bearish candle has completely ignited bearish sentiment. Now that the key support has been lost, the Bollinger Bands are opening downward, the MACD has formed a bearish crossover and is still heading lower, and increasing volume indicates that selling pressure is indeed rising.
My personal view: you can consider setting up short positions in the 584 to 590 range, with a downside target initially at around 575. If that breaks, 560 is also possible. Of course, make sure to set strict stop-losses—don’t try to tough it out. $BNB
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DisillusiionOracle
· 16h ago
Dropped again, anyway, I've never been optimistic about BCH.
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zkProofInThePudding
· 16h ago
Hmm, that's not right. You included BNB? You talked a lot about BCH but ended up tagging BNB...
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ProxyCollector
· 16h ago
Short positions sound good, but I still think this round of decline is a bit exaggerated.
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PerennialLeek
· 16h ago
Damn, it crashed again. Even the support line is broken—what's the point of playing anymore?
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SchrödingersNode
· 16h ago
The bears are so aggressive. Has 584 been broken? I already stopped out of my position earlier; I really couldn't hold on this time.
#特朗普数字资产政策新方向 BCH's recent price action doesn't look too good.
Looking at the 4-hour chart, the short-term support trendline has been clearly broken, and that previous heavy-volume bearish candle has completely ignited bearish sentiment. Now that the key support has been lost, the Bollinger Bands are opening downward, the MACD has formed a bearish crossover and is still heading lower, and increasing volume indicates that selling pressure is indeed rising.
My personal view: you can consider setting up short positions in the 584 to 590 range, with a downside target initially at around 575. If that breaks, 560 is also possible. Of course, make sure to set strict stop-losses—don’t try to tough it out. $BNB