$BCH – Pullback Setup, Trend Still Bullish

BCH is pulling back from recent highs but holding strong above key support levels. Overall trend remains positive, though a short-term hesitation is likely. On the 1-hour timeframe, a long setup looks favorable—likely a minor pullback before continuation higher.

Volume Analysis:

The rally from 598.04 → 624.89 had solid volume spikes, showing strong buyer interest.

The latest candle shows low volume (97.33), likely a brief consolidation.

Capital Flows:

Net inflows are strong: 1H: 13.5M, 2H: 13.54M, 4H: 18M.

Minor short-term outflows on 5m (-1.1M) suggest only small profit-taking.

Spot inflows confirm buying pressure: 1H: 3.4M, 4H: 8.4M.

Long Entry Strategy:

Wait for a dip to the support zone 602.33–606.73 (near MA10–MA5)

Or a clean breakout above 624.89 with strong volume.

Avoid chasing at current levels; short-term indicators are slightly overbought.

Stop-Loss:

3–4% below entry, near 585.48 (24h low) or just below support at 594.29

Targets:

TP1: 633.7 (resistance level)

TP2: 649 (next resistance)

BCHUSDT Perp: 610.1 (-0.59%)

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