$BCH Follow the trend Prepare to break through $530 - $550 Be bold

1. Overall Trend Judgment (Core)

BCH has experienced a roller coaster market at the beginning of the year (rising to around $720 before sharply falling back to $280). Recently, it has shown a very strong V-shape/U-shape reversal.

The current price has strongly rebounded to $598.6, recovering most of the decline and stabilizing above multiple long-term moving averages. The price is consolidating below the $600 level, with strong bullish momentum aimed at challenging previous highs.

The mid-term trend of BCH is in a strong bullish phase. Market confidence has completely recovered from the previous sharp decline; the current fluctuation is to digest the profit-taking around $600 in preparation for a breakout.

2. Key Levels

Resistance Levels (Selling Pressure Zone):

Short Resistance: $605 - $620. The overlapping area of the recent rebound highs and the $600 round number. This is currently the most direct resistance.

Strong Resistance: $700 - $720. The area of the annual highest point on the left side of the chart. This area is packed with trapped positions from the last round of chasing highs and is the ultimate target for this round of rebound.

Support Levels (Defensive Zone):

Lifeline: $520 - $550. The top of the consolidation platform during the recent upward move. As long as the pullback does not break here, the upward trend remains very healthy.

Strong Support: $450 - $480. The dense fluctuation zone in the middle section (central area). This is a solid backing for the bulls.

3. Trading Volume Signal

Signal: Moderate increase in volume.

During the bottom reversal process, the trading volume shows a moderate increase, indicating continuous buying by funds. Recently, during the high-level fluctuations, the volume has slightly shrunk, which is a healthy washout characteristic.

4. Trading Strategy

For Holders: Hold firmly! The current trend is very beautiful. Focus on the breakout situation at $605; if it breaks out with volume, the target is directly aimed at $700. Move the stop loss up to $520.

For Those with No Position: Buy on dips. * Pullback Strategy: If it retraces to the $530 - $550 range, it is an opportunity to enter boldly.

Breakout Strategy: If it stabilizes above $610 with volume, you can chase the rise and look at the previous high.

5. Summary

BCH is building up momentum for a charge; $550 is the defense, and $700 is the target. The trend is established, follow the trend!