$BCH is trading at $592.4 and the 15-minute tape looks firm, with price holding gains instead of instantly mean-reverting. That’s the key. In stronger tapes, pullbacks stay shallow and buyers show up quickly. In weak tapes, the market gives back the move in one sweep. BCH is behaving closer to the first type right now.
The nearby defended support zone is $584–$588. If BCH continues to hold that band on dips, it keeps the short-term trend constructive. Price is currently consolidating around $590–$595, a tight pocket under supply where volatility is compressing
If momentum expansion returns, resistance targets sit at $600–$606 first. Break and hold above that, and the next upside zone is $615–$628, where sellers usually get more aggressive and you’ll see whether buyers can keep the tape bid.
Bias is mildly bullish while support holds and the market keeps printing higher lows. The caution level is $581. Acceptance below that would weaken the structure and flip this into a deeper pullback rather than a continuation setup. Educational chart behavior only.
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