$BCH just cooling a bit here around the mid-$590s, and that is not a bad thing after the move it already had. Price pushed up to the $630–$640 area, got rejected and instead of dumping, it’s settling into a sideways drift. That usually tells you sellers aren’t in a rush either. 💪🏻
On the 4H, structure still looks constructive. Higher low from the $560 area held cleanly, and since then price has been chopping above that level without giving it back. This doesn’t look like distribution yet... more like digestion.
And the important thing is that, how controlled the pullback and
$BCH has been. Red candles aren’t expanding, wicks aren’t aggressive, and volatility has compressed compared to the push up. That’s often what you see when buyers step back but don’t fully exit.
Volume also faded in a healthy way. No panic spikes, no sudden vacuum. Just less activity as the market waits. That’s usually preferable to sharp sell pressure if you’re looking for continuation later.
As long as
$BCH holds above the mid-$560s and doesn’t lose that prior higher low, the structure stays intact. A reclaim of the $610–$620 zone would be the first sign momentum is trying again. Until then this looks like consolidation, not weakness.
Not exciting right now. But structurally, still fine.
#BCH #BTC90kChristmas