$BCH Update — Short Trade Active
BCH is currently trading around $582, and a short position is already in place.
Market structure remains bearish: both recent highs and lows continue to step lower. Price has repeatedly found support near the prior low around $558, but at the same time it has failed to reclaim the $600 resistance, suggesting the rebound lacks strength.
After bouncing from $562 to $583, BCH did not follow through with a strong V-shaped recovery. Instead, price slipped into a sideways range, signaling hesitation. The moving averages are tightening, which often precedes a decisive move. Given the broader structure, the downside scenario carries higher probability.
The trade is set—now it’s a matter of letting probability play out.
🛑 Stop Loss: 591
🎯 Targets: 566 – 525
